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Back Fundamental analysis
Euro turns funding currency
The dollar had been charging forward
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The dollar had been charging forward like a train people were reluctant to board — and now that train is braking hard. EUR/USD turned up from local lows, and the greenback's rally toward its strongest level of the year has temporarily lost steam. US dollar dynamics Investors flock to the dollar because the US offers higher yields, a resilient economy, and a safe-haven status amid geopolitical uncertainty. The futures market has been pricing in a more aggressive Fed path than other major
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Marek Petkovich,
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