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Although the Federal Reserve is still the only major central bank looking to increase interest rates, the persistently soft US data of late means a rate rise this year is becoming less and less likely. Yet, the US dollar has managed to regain its poise today despite the release of further disappointing macro pointers from the world’s largest economy. The reaction of the dollar looks suspicious to us, especially ahead of the publication of some important data on Friday. Today, we found out that …
