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Dollar on defensive for packed week of Fed speakers

Dollar on defensive for packed week of Fed speakers

Monday, March 20, 2017, 9:25 AM

The dollar slowly ceded ground in Asia with greenback bulls still nursing grudges after the Federal Reserve’s rate guidance last week proved to be less “hawkish” than many had wagered on. There was limited initial reaction to the Group of 20 meeting over the weekend which retained the familiar form of words on currency intervention but dropped a pledge to avoid trade protectionism.
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