Why One Trader Believes The Dollar Rally Is Over

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies

The dollar’s slump this morning may be the start of a much larger correction, according to Bloomberg’s Mark Cudmore.
It’s worth paying attention to the inability of both the dollar and U. S. yields to make the most of strong U. S. data this week.
And also to the strong euro-zone PMIs and higher-than- estimated inflation prints that have boosted the euro.
The main takeaway from the Fed minutes was that many of the policy makers’ forecasts for rate hikes are dependent on fiscal stimulus. That introduces some dovish-surprise risk.

This post was published at Zero Hedge on Jan 5, 2017.