The Trader 

The dollar’s revenge

The Trader

How many times, and for how long have you been told, that interest rates must go up? Rather like the boy who cried ‘wolf’, I’d suggest. Other than basket cases such as Argentina, which recently raised its benchmark rate three times to 40.0 per cent a year, the US Federal Reserve stands alone in raising rates in baby quarter point steps, the target rate currently 1.75 per cent.

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