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Dollar Rally Hinges on Fed Moves as Traders Eye Jobs Report Next

From bloomberg.com

The dollar’s rise to the highest level in more than a decade leaves traders looking for clues to the rally’s sustainability with a U.S. jobs report next week looming as the next milestone. A gauge of the currency against major peers rose for a third straight week on speculation the Federal Reserve will raise its short-term interest-rate target next month as well adjust its its longer-term rate forecast, known as the dot plot. The central bank’s projected tightening of monetary policy has helped lift benchmark U.S. yields to a 16-month high, adding to the relative allure of the greenback. “The key issue for the U.S. ... (full story)

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