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Wells Fargo: People Will Tend to Sell USD at Highs in the Foreseeable Future
Summary: In breaking news, according to a report by FXStreet, we have been trading in an environment of American exceptionalism, with the United States undoubtedly being the world's strongest economy. However, things have changed, says Erik Nelson, Foreign Exchange Strategy Director for Wells Fargo. There are potential structural concerns - the independence of the Federal Reserve, ...
In breaking news, according to a report by FXStreet, we have been trading in an environment of American exceptionalism, with the United States undoubtedly being the world's strongest economy. However, things have changed, says Erik Nelson, Foreign Exchange Strategy Director for Wells Fargo. There are potential structural concerns - the independence of the Federal Reserve, data quality, you name it. When it comes to the economic backdrop, all of these are moving in the wrong direction. In the foreseeable future, people will tend to sell USD at highs.
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Link: Wells Fargo: People Will Tend to Sell USD at Highs in the Foreseeable Future [Copy]
