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February housing, inflation data help dollar, ease tension over US economy

from Daily Forex

The U.S. Dollar has been one of the worst performing major currencies in 2014 as the combination of the Federal Reserve withdrawing stimulus and inclement weather culminated in the perfect storm for short-term weakness in the world’s largest economy. Yet as more recent data has come in, it seems the slowdown was more related to an interest rate shock – higher rates deterring investment and spending – rather than "just" the weather. more

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