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A last hurrah before the holidays
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Monex CanadaA last hurrah before the holidays
The past week has been notable largely for a sliding dollar, underpinned by Fed dovishness. Indeed, the DXY has fallen more than half a percent following the FOMC’s Wednesday rate decision, despite the announcement meeting expectations. Rather, it was the accompanying commentary that has shifted sentiment amongst traders, with Chair Powell and Co. failing to signal a pause in early 2026. With the door open to further cuts in the not-too-distant …
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