The US dollar is helped by the speculation of a hawkish Fed, will it sell in the fact or disappointment?



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From marctomarket.com

The US dollar continued its uptrend last week, helped by the surprisingly strong retail sales report. Despite disappointing job growth in August and moderating consumer prices, the Fed has no compelling reason not to move forward with its reduction plans before the end of the year. The Norwegian krone had been the subject of a bid for most of last week, ahead of the likely central bank rate hike next week, but it lost nearly 1% before the weekend. This is the second consecutive weekly decline. The Swiss franc, on the other hand, was the weakest of the majors, falling almost 1.6%. The Swiss National Bank will lag behind interest … (whole story)

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