Assuming that the correlation between interest rates and the dollar does not break down again soon, it suggests that the dollar will remain supported, at least over the short-term.
More Quotes from Henrik Gullberg:But even more important for the dollar was the average hourly earnings reading, which is quite hawkish and is something the Fed has said it's concerned about.
Overall this latest outturn is consistent with the recent favorable trend in consumer sentiment and would suggest solid gains in retail sales in the coming months.
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