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US Dollar Ripe for Reversal: GDP, Fed, Earnings Raise Volatility Risk – DailyFX
The US Dollar may bottom out in a jam-packed week of event risk that could rekindle market volatility. All eyes are on the Fed, US GDP, the earnings season and more fiscal stimulus.
Source: IG Charts
US Dollar Forecast: Neutral
- US Dollar weakness may cool during a jam-packed week
- Worlds largest economy will likely see technical recession
- Other risk: FOMC rate decision, earnings season, stimulus
The inverse relationship between the haven-linked US Dollar and the S&P 500 remains strong heading into what is a jam-packed week of event risk. By now, the US Dollars persistent losses since equities found a bottom in late March are no secret….
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