Just one rate hike this year will limit the greenback’s gains, but Asian currencies will be worth watching The US dollar has been in a long-term upward cycle, at least since July 2011. But the dollar stuttered in April after the release of some poor economic data, and again at the beginning of June, when poor nonfarm payrolls data was released, leading some to believe that we are at the end of this cycle. But we think this is not necessarily the case for at least two reasons. First, the...
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