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Further rate hikes on the horizon

By Ricky Bean March 21st, 2017

The dollar initially responded well to Federal Reserve members Harker and Evans announcing that three more hikes in 2017 are still very much a possibility. Last week the dollar dropped slightly as the Federal Reserve hit a more cautious tone.

In data terms, this is going to be a quiet week. The next major piece of economic data out of the US is the payrolls figure on 7th April. In the meantime, the dollar may be moved by political news. The latest major update yesterday was that the FBI was investigating President Donald Trump’s links with Russia.