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What’s the next pivot point for USD? — #SaxoStrats
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The dollar needs to find support soon if greenback’s secular rally is to continue, says Saxo Bank’s head of FX strategy John Hardy.
He says that president Trump’s desire for a weaker dollar is fuelling fears that his currency strategy will involve pressurising other nations toward a weaker USD.
Hardy says the next pivot point for the dollar could be the FOMC meeting on February 1.