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Dollar Takes Heart From Fed Statement

WallStreet

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Dollar is hitting intraday highs against its key rivals following the FOMC decision and statement that was in line with expectations. The dollar has been rallying pretty much since the November nonfarm payrolls report which which fueled expectations that the worst was over for the labor market. The fact that the Fed acknowledged that - saying "the deterioration in the labor market is abating" - seems to create even more room for the dollar to gain ground.

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