The recent run of dollar strength is showing signs of exhaustion as some near term reversal signals are now threatening. This comes as the market continues to speculate over who might chair the FOMC after current chair Janet Yellen’s term finishes in February. Following the September FOMC meeting, the market has all but priced in the next Fed rate hike for December. So the upside potential for this seems to be a little limited. The steam from the initial proposals from Donald Trump’s tax plan has gone out of the market (for now) and traders are focusing near term on the Fed chair. Monday’s rally came on the back of ... (full story)