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Will Bernanke or Sequester Kill Dollar Rally?
Thanks to the FOMC minutes and weaker economic data abroad, the U.S. dollar enjoyed a nice rally against most of the major currencies this week. The mere possibility that the U.S. central bank could start to taper off its monthly asset purchase program as quickly as next month sent investors rushing to adjust their positions. The unevenness of U.S. data makes it hard to believe that the economy is strong enough to withstand less stimulus but Fed President and FOMC voter Dudley made it clear that small adjustments could be made to ease the pain of stimulus withdrawal. The question is now where Bernanke, our mild ... (full story)