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US Dollar: Multi-year high in Core CPI revives Fed rate hike expectations

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    After getting clobbered in the first two weeks of February, last week’s recovery in the US dollar was hardly surprising. What was more surprising though was the fact that it was actually driven by decent US economic data. Last week, we noted the stronger-than-expected January US Retail Sales report, noting that the report represented, “just the most recent evidence that the US economy is, at worst, continued to muddle through,” and that “it’s hard to square the decent economic data with the

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