(Harvest) THE US DOLLAR HAS SOARED ON THE FOREX MARKET in a manner we’ve not seen in a very, very long while. The reason, of course, is that the Fed has chosen not only to raise the o/n Fed funds rate by 25 bps, but it has openly “threatened” to raise it several times in ’17… at least twice more and perhaps even more than that. No one really should be surprised by the Fed’s decisions for we have put forth the argument often that at least two or more tightenings were likely in ’17, but apparently the entire world has been stunned.
Dennis Gartman: All One Needs To Know On Fed Policy
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