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Hardy: Don’t let dollar limbo fool you

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With USD in a technical limbo and people looking for the next big catalyst to move the greenback, traders should beware of treacherous conditions for trading, says Saxo Bank’s Head of FX Strategy John Hardy.


With US markets closed and the economic calendar thin on big events this week which could move USD, John Hardy says traders may look at other currencies for action such as GBP where UK jobs and earnings data out on Wednesday may trigger some movement in sterling. News from Brussels, where euro finance ministers and Greece are meeting for debt talks, may also trigger some action for CHF.