@Aymankkhlifat
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Dollar Outlook and Currency Rotation
The US dollar posted gains against all the major currencies over the past week save the Australian and New Zealand dollars. The Reserve Bank of Australia appears to have moved to a more neutral stance on rates, relying on the currency to provide the necessary adjustment. The dollar's gains were helped by a strong July auto sales, a jump in the service sector ISM, and a jobs report that was consistent with recent trends. Over the course of the week, a greater risk of a September hike was priced into the September Fed funds futures contract. On the other hand, the Bank of England seemed to dash speculation of a rate ... (full story)