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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (12196)3/18/2015 2:22:46 PM
From: Goose94Read Replies (2) of 203656
 
U.S. Dollar Might Not Have Much Further To Go As Data Disappoints

A shift in interest expectations, and the removal of the word “patient” from the FOMC monetary policy statement, does not guarantee further gains in the U.S. dollar says, Christopher Vecchio, currency analyst at DailyFX. He notes that investors are overly bullish on the U.S. dollar but could start to focus on weaker economic data following the FOMC meeting. “U.S. data, relative to expectations, is off to its worst start in five years,” he says. “The outcome of the U.S. dollar is not so certain, in a market handicapped by overly bullish traders in the greenback, and extreme bearishness seen in positioning elsewhere.”
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