Will the Fed Snap the US Dollar’s Recovery?

After selling off throughout the month of April, the greenback finally rebounded on the eve of the Federal Reserve’s monetary policy announcement. The U.S. economy is running hot ahead of the rate decision but no changes are expected from the central bank which explains why the dollar pulled back this month despite good data. The question for tomorrow is whether the Fed will stick to script and say that they are still waiting for “substantial further progress” in the economy or finally acknowledge that their goals could be met sooner than anticipated. The strength of the U.S. recovery is undeniable with jobless … (full story)

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