Correction for greenback pays off
CURRENCY FORECASTS
Laidi said that from April 7–14 analysts upgraded the intermediate dollar forecast, which he puts down to "the inflationary concerns communicated by the Fed's beige book. The report boosted bond yields on expectations of continued Fed tightening, which was a clear positive for the dollar."
He added that while MG Financial continued to see the twin deficits – the trade and budget accounts – as the dollar's long-term handicaps, it could not ignore the bond market's repricing of rate expectations
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