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Analyst says strong USD is pressuring US firms

An analyst in the US says inflation remains a concern despite Fed monetary policy being at a restrictive level. The resultant rise in yields, and the US dollar, is a headwind to US based multinationals. The remarks come from a client note from Liz Young, head of investment strategy at SoFi (an online finance firm in the US). In summary:solid economic data is a good sign. monetary policy has been taken to a restrictive level. ... So far, it hasn’t had the full intended effect, and inflation rema... Read More

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Posted: Aug 24 2023, 21:16

Author Name: forexlive

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