Financial Mirror (Cyprus)

Dollar Index eyes 97.00

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The Dollar is staging an impressive rebound against a basket of major currencies with prices trading marginally above 96.85. It seems bulls have shrugged off recent dovish remarks by Federal Reserve officials and speculatio­n over the Fed raising rates slower than expected in 2019.

The primary driver behind the Dollar’s appreciati­on is likely based on confidence over the US economy and the fact that the Fed remains as one of the more hawkish major

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