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USD back

After a very volatile North American session yesterday, currencies settled into a much sedate pace during Asian and European dealing as traders digested the price action and prepared themselves for today's NFPs.
Yesterday dollar rout was caused by the tempering of rate hike expectations with NY Fed's William Dudley practically telegraphing to the market that the Fed is likely to hold off on any tightening in March given the global economic slowdown. It's hard to believe that the market reaction …
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Dollar weaker ahead of Fed meeting

Users,
the dollar weakened on Friday despite positive Retail Sales and Producer Price Index releases. While the Fed is still expected to raise interest rates on Wednesday, lift-off in policy normalisation may be largely priced in, and as such attention will primarily be on the Fed’s accompanying press conference and updated economic outlook.
The dollar has weakened recently as further drops in oil weigh on inflation expectations, increasing speculation that the Fed will place even greater emphas…
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