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The US Treasury Secretary Steven Mnuchin said that a weak dollar is good for the United States. This statement, a clear shift from the declarations from his predecessors during long decades. The initial reaction was a sell-off across the board, with new highs for most currency pairs against the dollar.

And after the first round of selling, we are seeing a new one, with these three currency pairs standing out:

Will the US dollar sell-off continue? We still have a speech from US President Donald Trump in Davos and the first release of US GDP. After these huge losses, a bounce-back cannot be ruled out.

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