Tag:
Euro
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The US dollar is calling the shots
In an uncertain market, one thing has been stable: given time, the US dollar is the ultimate market mover.
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Traders lowering expectations for more aggressive rate hikes by Fed as US economic growth starts to slow
Ironically, a slowing US economy has tempered expectations of aggressive rate hikes, which is bullish for equities and bearish for the dollar.
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Some positives for the rand to hold on to
The rand staged a recovery on the back of last week's interest rate hike, with all eyes now firmly on the Fed.
