Currency Market Analysis

Global Themes

A fragile U.S. dollar Friday was on track to snap a two-week winning streak on tempered expectations for higher American interest rates and economy-boosting stimulus from Washington. The dollar slipped to one-week lows on a trade-weighted basis and to its weakest in two against the U.K. pound. While this week’s release of the intimate details of the last Federal Reserve meeting hinted at a rate hike ‘fairly soon,’ the mixed tone of the minutes seemed more consistent with a rate hike over the first half of the year rather than the first quarter. A contributing factor to the dollar’s clammy hand

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