Merry Xmas from Janet Yellen
|With the year about to close and a US tightening later in the week seen as a certainty, dollar bulls are hoping for a gift or two from Aunt Yellen. That the Fed is going to begin normalizing is soon is a given, that we will have a Fed Funds hike on Wednesday is highly likely. But will the dollar really rally further should not be taken as a given. MacroEconomics 101 tells us that with a tightening we get to see a stronger currency. But when a decision has been widely read murphys law should be considered by traders. Any further movement from the greenback will likely now depend more on the pace of tightening that will be suggested and not the act itself. Join Mark de la Paz and explore the options that traders have for that last big bet.
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