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Hardy: USD bulls charge ahead of Yellen despite 'ugly' retail sales
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Saxo Bank's Head of FX Strategy John Hardy explains why he believes the market has priced out a September hike, that's despite Fed Chair Janet Yellen being expected to keep all options on the table in a speech that should be broadly dollar supportive.
EURUSD has been continuing to test the 1.10 level with John expecting the pair to head lower towards 1.05 this week and he explains why he's sticking to that scenario.