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US dollar perks up after Bullard's latest comments
There have been plenty of reasons for US dollar strength this week, including today's PPI data, but the comments from Bullard aren't one of them.
He said he advocated for 50 bps at the most-recent FOMC meeting but that's not really news. He openly talked about getting to a restrictive stance faster in the lead-up to the meeting. Moreover, he said that he sees 5.25-5.50% as appropriate, which indicates he hasn't decided to move up his dot.
If anything, the market should be breathin... Read More
Posted: Feb 16 2023, 20:28
Author Name: forexlive
Views: 102249