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16 Sep 2013
U.S Dollar selling stampede an over reaction?
FXstreet.com (Barcelona) - The ongoing US Dollar sell-off in early Asia has varies market commentators thinking this is an over reaction in very thin markets, and that once stops are all tripped, pairs such as USD/JPY should be a good buying opportunity.
The US Dollar has been heavily hit by a WSJ report on Summers withdrawing his candidacy for Fed, with Obama accepting Summers' decision to be out of the race.
The market interpretation is that the prime contender Ms. Yellen, is a more dovish figure, likely to embark in a continuation of Bernanke's QE practices should the U.S. economy experience any economic setback in the near future.
The US Dollar has been heavily hit by a WSJ report on Summers withdrawing his candidacy for Fed, with Obama accepting Summers' decision to be out of the race.
The market interpretation is that the prime contender Ms. Yellen, is a more dovish figure, likely to embark in a continuation of Bernanke's QE practices should the U.S. economy experience any economic setback in the near future.