Dollar correction gathers pace
MARKET NEWS
NEW YORK -- The US dollar continued to claw back ground following its bearish run last week, as FX dealers reassessed the outlook for the US economy.
Although it was dented by a bout of profit-taking, analysts told FX Week the outlook for the greenback has improved.
"The weakness seen from mid-July to mid-August is passing," Jane Foley, currency strategist at Barclays Capital in London, told FX Week. "The market was then pricing-in the disappointment that we were not going to see a ‘V’ shaped
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