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1.Market Observations, 8.Was Sticky

11 Feb 2020 (AFR) – Hot US jobs market is a headache for the Fed

(11 February 2020, AFR, p25, Robert Guy, Senior Writer)

US dollar index (Bloomberg, AFR)

US dollar index (Bloomberg, AFR)

‘President Trump’s tweeting trigger finger may be called into action as the US dollar trades at a three-month high, but the greenback’s renewed strength also presents a headache for the Federal Reserve as it struggles to steer inflation back to its 2 per cent goal. The stronger than expected January jobs data put a rocket under the US dollar, showcasing the US economy as an island of strength as China’s growth is hobbled by the coronavirus, the European economy remains sluggish and Japan’s outlook is consistently moribund.’

Read more at (might need AFR login access)

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