"We are not convinced that the USD trend can change until either inflation data pick up in the US or a more concrete tax reform agenda is observed," that's the key takeaway from a new report from foreign exchange analysts at Swiss bank Credit Suisse on the state of global currencies.
Even after three interest rate hikes, and confirmation from the Federal Reserve that it will start to unwind its balance sheet over the next few months, the ICE dollar index, which measures the greenback’s performance against six of its principal rivals, has shed more than 10% of its value this year, plunging to a two-and-a-half year low.
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