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Summary
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.Latest Live Videos
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Here is what you need to know on Friday, February 27:
Initial Jobless Claims in the week ending February 21 came in at 212K, below economists' expectations of 215K but slightly above the previous reading of 208K. Continuing Claims also declined to 1.833 million, signaling stabilization in labor market conditions.