Does Strong U.S. Data Always Mean A Strong Economy?
The dollar headed for its biggest weekly decline in almost two months on speculation the Federal Reserve will maintain a gradual pace for raising interest rates whatever Friday’s payroll report says. The greenback has fallen against all its 16 major peers this week as Fed Chair Janet Yellen reiterated global headwinds may restrain the U.S. economy. Traders have cut the odds of a rate increase this year to 54 percent, from as high as 80 percent in March, even as a measure of whether data is beating forecasts rose to the highest in 14 months. U.S. employers added more than 200,000 jobs for a second month in March, a Bloomberg survey shows. Kleinwort Benson Bank Chief Investment Officer Mouhammed Choukeir discusses with “On the Move” host Manus Cranny in London and Bloomberg’s Hans Nichols in Berlin.
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