FOMC member from St. Louis - Fed Bullard's comments have been considered a warning within its members and for obvious reasons to traders in the market for over speculative optimism for the September taper policy action that resurfaced in the market place. This provided the additional short-lived and relief lifeline for the USD recovery which have taken place for the past several trading days. Unless better data comes out to support this weak USD rally, the directional trend for the US dollar index remains bearish.
Market Insight: FED Sentiments vs.Speculative Price Action
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