US Political Drama Prolongs Greenback’s Weakness

Narrowing yield differentials between US bonds and those of other major economies are prolonging USD’s weakness. The Fed increased interest rates twice this year, in March and in June, and the dot plot accompanying the June meeting statement continued to project one more rate hike for the rest of the year, followed by three rate hikes in 2018.

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US Political Drama Prolongs Greenback’s Weakness