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Dollar marches it’s rally rising high on the macro news

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  • Dollar marches it’s rally rising high on the macro news

    The US dollar continues to surge higher as ongoing Fed speculation to replace Janet Yellen, head of the Federal Reserve, with Stanford economist John Taylor was supported by favouring from US President Donald Trump wired in the market. The dollar has received a major support after a Sunday Fed meeting stating that there will be an increase in interest rates despite rising inflations. The US economy seems to be strong and strengthen with the rising labour market.
    There were rumours in the market around US & N. Korean diplomat having rising tensions & may on a verge of “touch the button” for the nuclear war.
    With the favouring of US president Donald Trump to John Taylor, the short-term US bond yields & interest rate rises.
    Also, oil prices are continuously surging higher due to Iraqi violence rages on. The crude oil price in US-traded higher with a high hit of $52.37 on Monday.
    Trump has met other candidates for upcoming Fed election, however, there seems to be an inclination towards John Taylor with the statements of US President.
    The euro seems to be moving in a range on Monday however the right-wing coalition in Austria could lead to a complete restructuring of the state which threatens the EU.
    The Australian dollar showed the little change & moving on the similar trend is the New Zealand dollar.
    The US dollar index, showed a relative strength against the basket of six major currencies, showing a fairly highest since 10th October.
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