Dollar Soared Broadly, Look ahead to FOMC, GDP and NFP Dollar surged broadly last week with support from some solid economic data. Moreover, Euro was weighed down by geopolitical tensions in Ukraine and weak economic outlook. Sterling also weakened against the greenback as BoE minutes toned down the chance of rate hike. Nonetheless, Aussie ended the week as the strongest currency with boost from inflation data as well as Chinese manufacturing data. There was also some support for the Aussie as Kiwi dived as RBNZ signal pause in tightening after last week's rate hike. In other markets, S&P 500 surged to new record high of 1991.39 but pared back much gains on Friday. DOW tumbled sharply on Friday too to close below 17000 handle at 16960.57. 10 year and 30 year yields were stuck in range for most of the week but did end lower at 2.469 and 3.244 respectively. Full Report Here... |   
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