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Hardy: The dollar's not the only game in town
With so much data coming from the USA this week, you might be forgiven for thinking the dollar's the only game in town. It isn't, according to Saxo Banks Head of FX Strategy, John Hardy. True, the market is particularly focused on the FOMC's monthly meeting. The question is by how much has the market already priced in the potential end of the Fed's bond buying programme.
Also of interest, President Obama's new tax proposals. If and when they're implemented, John says that could lead to a lot of dollar inflows and a lot of revenue for the government.
Elsewhere, this is a volatile time. John remarks on the weakness of the Aussie dollar and how the New Zealand dollar is "insanely strong".
02:06 minutes
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