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US rally reflecting prospects of US policy normalization - ANZ

FXStreet (Bali) - The rally in the Greenback is starting to reflect prospects of future US policy normalisation, notes Brian Martin and Amber Rabinov, FX Strategists at ANZ.

Key Quotes

"The September labour market report confirmed strong upward momentum in employment and a labour market that is recovering faster than the FOMC has anticipated."

"Broader measures of the labour market remain soft with September average earnings unchanged in monthly terms and the U6 measure of underemployment still elevated at 11.8%."

"The dollar is continuing to appreciate as it carries the expectations of future policy normalisation in the US. The rise in the DXY is becoming increasingly correlated with the fall in the US unemployment rate."

Colombia Consumer Price Index (YoY): 2.86% (September) vs previous 2.94%

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