Worse-than-expected trade-deficit figures could be fertile ground for dollar selling. Amid the already dollar-bearish sentiment, the U.S. currency has a downside risk.
More Quotes from Masaki Fukui:
At this time last year, people were talking a lot about the U.S. twin deficits and predicted the dollar would decline in 2005. They were wrong.Masaki Fukui
Olson's comments reaffirmed our views on the Fed's stance for further interest-rate hikes. The Fed's focus is on inflation. The dollar remains strong.
Masaki Fukui
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Based on Topics: Danger & Risk Quotes, Sales Quotes, Selling QuotesBased on Keywords: dollar-bearish, worse-than-expected
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