Dollar steady…but for how long?

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The US Dollar held steady near a one-week high against a basket of major currencies this morning as bulls remained inspired by last Friday’s strong U.S. payroll figures.

While the Greenback is seen extending gains in the near term as renewed trade optimism supports risk sentiment and elevates U.S. Treasury yields, the medium- to longer-term outlook still remains in favour of bears. It is worth noting that expectations remain elevated over the Federal Reserve taking a pause on rate hikes this year while the final effects of the 35-day government shutdown remain unknown. With the United… Read More

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