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August 28, 2015
The US Dollar has weakened off against most G10 currencies this morning ahead of U.S. personal spending and inflation data and despite comments by Fed Vice Chair Bullard at Jackson Hole this morning that the “last 10 days shouldn’t change FOMC outlook much”. Bullard added cheaper oil was generally good for the U.S. economy and that China growth woes were no big surprise. Similarly Cleveland Fed President Mester maintained an upbeat tone saying the U.S. economy could support an increase in interest rates in an interview with the WSJ in Jackson Hole.

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