Dollar Bounce Lacks Conviction as Aussie Extends Rally Ahead of Warsh

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Why Dollar’s steadying looks like positioning ahead of Friday’s Warsh speech, while Aussie’s rally is being driven by genuinely new information What’s happening: Dollar steadied Thursday, but the move looks tactical rather than structural, September hike odds barely budged, from around 33% to 34%, so the more plausible drivers are month-end rebalancing flows and defensive […]The post Dollar Bounce Lacks Conviction as Aussie Extends Rally Ahead of Warsh appeared first on ActionForex.