Last night before I went to bed, I wrote to you about USD/HKD getting a boost. Well, its gone even higher as of this writing. The pair is making its first attempts to come off of the lower end of its trading band.
Also, the thought that the Fed gave yesterday....implying they were done with rate cuts in the near term, sure helped to boost the dollar. The shift in their thinking away from falling growth and back to inflation has brought out the dollar bulls at least for now.
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