Has the Fed just entered the currency wars

Has the Fed just entered the currency wars? Rachel Evans of Bloomberg says The minutes from the Federal Reserve's meeting last month have foreign-exchange traders wondering whether Janet Yellen has joined the currency wars. Policy makers pointed to the dollar's rising value as a persistent source of restraint on exports in a surprisingly dovish set of minutes published Wednesday. The greenback fell against a broad group of its peers. Alessio de Longis, a macro strategist in New York at OppenheimerFunds says The Fed is finding a very subtle way to temper the enthusiasm around the risks of a sustained dollar bull market that gets out of control. What the Fed is trying to decelerate a bit is this dollar appreciation in order to make sure that the transition to a Fed hiking policy is more gradual. (VIEW LINK)


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