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US: Growth momentum has regained its footing - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, suggests that following a stumble at the end of 2015, growth momentum has regained its footing.

    Key Quotes

    “Despite the improvement in growth, however, global headwinds have continued to restrain the Fed, which delivered a dovish message at the March FOMC meeting, forcing the market's pricing for a June rate hike to decline to 50%.

    A dovish Fed keeps the USD on its back foot as market focus remains on idiosyncratic risks elsewhere. A return of better growth prospects will put the focus back on (moderate) USD strength as the Fed comes back in play later this year.”
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