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The US Dollar is trying to stage a widespread recovery on Monday as bears decided to take a breath after an aggressive sell-off over the last week. There are no any fundamental drivers behind the local rebound, which rather has to do with technical factors including the oversold conditions.
Thy key events for the greenback this week are the two-day FOMC meeting ...
USD is unstoppable this week and especially today. Many strong triggers has been supporting the dollar since the beginning of the week.
Yesterday, the head of FOMC Yellen told that “gradual approach to hikes particularly appropriate in light of subdued inflation”.
Mrs. Yellen also made a very important hawkish comment: Fed should be wary of moving too ...