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Week Ahead: Focus on NFP – will the USD rally continue?
The resilient US economy has contrasted sharply with other areas of the globe recently which face a grimmer outlook. That has meant the higher for rates mantra from the Fed has dictated markets in recent weeks with soaring yields and greenback. Quarter-end adjustments appear to have reversed some of these moves over the last few sessions, but the current medium-term environment could favour another leg higher in the buck next week. Of course, that relies on the economic data to remain solid and unaffected by the 525bp of rate hikes we’ve seen in the last year or so. It will be the first Friday of the month which ... (full story)