There are a number of economic forces in play in today's world, not all of them working in the same direction, which makes choosing policies particularly difficult.
The US dollar traded slightly higher against major forex counterparts in an uneventful week of trading, showing little impetus to break important support or resistance levels on similarly lackluster price action across broader financial markets.
The Japanese yen rallied to a 15-year high against the U.S. dollar and the low-yielding currency may continue to gain ground over the following week as the Bank of Japan holds off on intervening in the foreign exchange market.
The British pound remains range bound against most its counter parts as the Bank of England left their bench mark rate on hold for an eighteenth straight month.
There are millions of people who are not buying already -- even with the lowest rates since the Eisenhower era. Imagine all those who will not be buying at higher rates.
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