It’s a huge week for US economic data, with CPI inflation on Wednesday and retail sales on Friday. Following the shockingly disappointing jobs numbers lately, there’s less pressure on the Fed to scale back its QE program anytime soon, so the summer months could be difficult for the dollar. The US economy is still solid and the endgame is still a more hawkish Fed, but it will take longer to get there. Fed tapering delayed, not derailed The notion that [..]
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