Will Fed’s “Recovery” Bolsters Dollar

Fundamentals
The Dollar Index has seen very quiet sessions the past few days,
following the directionless days in the equity markets. The
currency did get a boost from the Fed yesterday, when the central
bank used the word “recovery” for the first time. This suggests
that both the Fed and the US government may take steps to slowly
wean the economy off of the stimulus packages. This could result in
a decrease in liquidity, decreasing the money supply. The long-term
direction of the Dollar may … [visit
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