Westpac wins with cautious greenback view

Dollar caught between improving fundamentals and dovish Fed

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Westpac topped last week's three-month currency tables with a cautious outlook for the dollar, which has been caught between an improving economic picture and dovish Federal Reserve forward guidance.

The US economy has clocked up four consecutive payroll prints above 200,000, while business sentiment appears to be holding up well near elevated levels, but the dovish tone from the Fed will likely delay a dollar rally for now.

"The expansion looks healthier and more

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