Beware of robber banks (RB), bad advisors.
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Dollar retreats, euro rallies on worries over next Fed statement
The U.S. dollar fell against most major currencies on Monday on concerns that the Federal Reserve could suggest in its next policy statement that the greenback's gains have gone too far, while a rally in oil prices boosted commodity-linked currencies. The U.S. central bank is widely expected to raise interest rates on Wednesday for the first time this year and only the second time since the global financial crisis. With a hike largely priced in, focus has turned to what signal the Fed will send on further policy tightening next year and the dollar's nearly four percent rally against a basket of major currencies ... (full story)
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Beware of robber banks (RB), bad advisors.