MacroVoices #371 Larry McDonald: Fed Will Be Forced To Cut By The End Of The Year
Macro Voices
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The US Dollar Index Is in a Holding Pattern
We're hugging along right at the bottom of the consolidation zone, which means maybe we're getting set up to break lower. We'd still need a daily close below 100 to really seal the deal on dollar weakness. But I am not so sure that some big new US dollar decline is imminent. And it'll be probably a much more muddled currency market going into the summer.
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