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Hardy: Focus on US data after G20 fails to impress
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After the G20 summit failed to impress the markets, FX traders will be turning their attention to incoming US data, says Saxo Bank’s John Hardy.
Hardy looks at why some economists are starting to worry about a possible US recession and whether this week’s jobs report and non-manufacturing ISM data will add to or subdue these fears. He also outlines his trading strategy for EURUSD and explains what could trigger a dollar rally.