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Dollar Slips in Consolidative Activity
The markets are mixed, mostly responding to idiosyncratic developments, as the week's large events loom ahead. These BOJ, BOE, and FOMC meetings, eurozone flash CPI and US jobs reports. In addition, US President Trump is expected to announce his nomination of the next Fed chair, and the initial House tax bill will be unveiled. Technically, the dollar was overextended and the mostly heavier tone today ought not be surprising. The New Zealand dollar remains under pressure. Although it bounced into the end of last week, comments by Finance Minister Roberson that the changes in the central bank's mandate would ... (full story)