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Dollar defies doves – last pre-Fed data points eyed

Dovish comments by Brainard were supposed to bury rate hike expectations or at least weaken the dollar. This is certainly not the case as the greenback becomes a safe-haven currency of choice amid lower oil demand, political worries and speculation that central banks are less supportive than beforehand. Key US data is coming up: retail sales, inflation, and consumer sentiment. Also, watch out for more post-Brexit UK data as well as the BOE decision.

Wrap up of the morning show for September 14th:

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.