Dollar Defies Doves – Last Pre-Fed Data Points Eyed

Dovish comments by Brainard were supposed to bury rate hike expectations or at least weaken the dollar. This is certainly not the case as the greenback becomes a safe-haven currency of choice amid lower oil demand, political worries and speculation that central banks are less supportive than beforehand. Key US data is coming up: retail sales, inflation, and consumer sentiment. Also, watch out for more post-Brexit UK data as well as the BOE decision.

Wrap up of the morning show for September 14th:

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