Kathy Lien is Director of Currency Research at GFT, and runs KathyLien.com.
Kathy has a Bachelors degree in Finance from New York University. Kathy has written for Stocks and Commodities, CBS Market Watch, ActiveTrader, Futures and SFO Magazine. She is frequently quoted on Bloomberg and Reuters and has taught seminars across the country. She has also hosted trader chats on EliteTrader, eSignal, and FXStreet, sharing her expertise in both technical and fundamental analysis.
Whenever we look at economic data, we use the information to extrapolate what the Federal Reserve will do with interest rates. However in recent weeks, the extrapolation has become far more difficult since US data has been telling us one thing while the Federal Reserve has been telling us another.
The next few days will be very busy as traders prepare themselves for a long list of key economic data scheduled for release from all of the major countries around the world as well as a number of Fed speeches.
For the third day in a row, the US dollar has outperformed the other major currencies. The market is continuing to readjust its expectations for the monetary policy meeting at the end of this month.
With no economic data to garner major moves, traders took to comments by two Federal Reserve members that hinted further at higher inflationary figures and resultant hikes in benchmark rates.
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