Has the Fed just entered the currency wars

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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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