Near-Term Rally Of Dollar A Possibility As Fed’s Plosser Voices Out Rate Hike Urgency |
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On Tuesday, the forex and stock markets were shaken not by corporate earnings results and not by any economic releases, but by a hawkish speech from Fed’s Plosser. The Philadelphia Fed President said there should be interest rate hikes “sooner rather than later” even if employment and financial conditions haven’t improved. This renewed signal to raise rates helped push the US dollar sharply against the Euro, Swiss franc, British pound, Japanese yen, Aussie and Kiwi, and could set the dollar on
Filed under: Fundamental
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