with US government spending back in the red, the Fed's limited interest rate hiking ability, and the draw-down in the Eur/Usd, i am more confident of a short-position on the USD, now.
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however, given that the target rate, and expected target rate are not in alignment, i will assume yet another interest-rate hike, to 'tame inflation'. i will call this current up/down swing as being stagflation. the Fed should ease off on its tinkering, but it won't.
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on 2nd/3rd thought, the US Federal Reserve is going to punish anyone going short the USD; they're mindless - and will kill their economy, before admitting Congress' spending habits are out of whack
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