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Hardy: USD – the bulls are back

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USD is back driven by strong US jobless claims as well as preliminary services PMI data for March, which came in at a six-month high, says Saxo Bank’s John Hardy.


On Thursday, EURUSD attempted to move above 1.10 before a strong rejection set in; which challenges the notion that the US economy could be off track, according to John Hardy.

Friday’s biggest event risk will be comments from US Federal Reserve Chair Janet Yellen should she decide to respond to the market’s reaction to the latest FOMC meeting, says John Hardy.