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FOREX-Dollar eases after Powell testimony; riskier currencies rise

January 11, 2022
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"Powell defied the hawkish commentary of others on the Fed’s rate-setting committee, suggesting that a quantitative tightening decision will come in the next two to four meetings, with bonds allowed to roll off in an organic manner - as opposed to actively selling securities into the market," said Karl Schamotta, chief market strategist at Corpay.

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