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US dollar analysis: DXY extends recovery - Forex Friday
Following a week full of central bank decisions, the dollar has gained strong traction, supported by better-than-expected US data and unexpected dovish moves from certain central banks, notably the Swiss National Bank (which delivered a surprise rate cut) and to a lesser degree Bank of England and Reserve Bank of Australia (which were less hawkish than expected). However, doubts persist regarding the durability of the dollar's rally, given the fact the Fed has expressed optimism about disinflation and possible rate cuts starting in June. With the economic calendar a bit quieter until the release of March inflation ... (full story)