Bullish dollar view pays off
Mazanec said he expected less focus on the current account deficit that dominated talk after Bush’s victory. "This is because the G7 meeting in early February was seen as a chance for officials to express their displeasure with dollar weakness, which they essentially did beforehand," he said.
Mazanec said the dollar has had on-again and off-again support since the meeting as the focus has shifted to the FOMC (Federal Open Market Committee).
"The key for the dollar looking ahead will be whether
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