Overall, in the short term this is not going to deter the Fed from continuing its measured rate tightening campaign,
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This morning, the currency markets were just as nervous as the rest of the financial markets. As the stock market stabilized, so did the U.S. currency.Alex Beuzelin
Without being specific, (he) indicated once again that the end of the zero-interest rate policy is nearing.
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The headline number was much higher than anticipated. However, if you strip out the transport component, the number was a little soft. This number is notoriously volatile.
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It enhances the dollar's interest rate appeal relative to the euro, pound and yen,
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With little in terms of fresh news or developments overnight, traders appear content to trade the U.S. dollar within its current ranges against the world's major currencies.
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