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US Dollar outlook: What’s going on?
Since the start of February, the USD has enjoyed a resurgence on a string of data points showing that the US may still need more rate hikes to contain a strong US jobs market in particular. The strong January jobs report released on February 3 gave the USD a strong boost. The US Services PMIs released on the same day gave it extra legs as investors considered that the strong US economic outlook may need the Fed needs to do more to hike to contain inflationary pressure. Recent data has also supported this initial response. The recent strong data from the US has resulted in STIR markets re-pricing a more aggressive ... (full story)
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- fusionmarket
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