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post: * #FED 'S KASHKARI SPEAKS IN CNBC INTERVIEW *KASHKARI: INFLATION HAS MOVED SIDEWAYS RECENTLY *KASHKARI: NEED TO WAIT AND SEE, GET MORE CONFIDENCE ON PRICES *KASHKARI: SHOULDN'T RULE ANYTHING OUT ON POLICY PATH *KASHKARI: FED IN GOOD POSITION BECAUSE OF STRONG LABOR MARKET
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The US dollar index is currently down -1.7% in May, which has effectively seen it wipe off April’s gains and snap a 4-month rally. The last time the dollar rose for four months was just ahead of the 2022 high, and if history were to repeat it points to another couple of months of the dollar’s decline and for bearish momentum to accelerate. As things stand, ...
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