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Good Data, Bad for the Dollar

posted by Avatar fx360 1460 days ago in USD, Daily made popular 1460 days ago

As we expected, dollar weakness has resumed. Last week, we argued that on a short and long term basis , the dollar should continue to weaken against higher yielding currencies. This week, housing and manufacturing data dominates the calendar and therefore the improvements from those sectors of the U.S. economy should drive the dollar lower.
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