As traders return to their desks after the holiday period they are met with a dollar that has come under renewed selling pressure. A bout of selling hit the greenback to end 2017 on a sour note at its lowest level in over three months on the Trade Weighted Dollar Index. Markets seem to continue to look at the subdued outlook for inflation and question whether the Fed will achieve a further three rate hikes this year. With global economic indicators picking up the dollar seems to now have lost the first mover advantage of the Fed. Today’s China Caixin Manufacturing PMI beating expectations at 51.5 was a three month ... (full story)