Market Update – 02-03-2017
Recent comments from several FED officials have lifted the chance for a March rate hike, which has risen to nearly 70%, have strengthened the USD. As a result, we are seeing a renewed attempt to break below the 1.05 level. Some weaker US data yesterday caused some upside, but this proved to be short-lived as inflation data indicates a still rising inflation. In addition, the speech of President Trump before Congress on Tuesday was able to lift the USD,
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