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Friday 4 September 2020

Dollar Index Rally Is Over Already? Fed Says Inflation Is Too Low So New Inflation Targeting Policy?


The Dollar Index, which has a record net short position, was rallying since August 18th when it got down to 92.27. 

But, it appears that Jerome Powell and the others at the Fed do not want a Dollar rally as they may have leaked or actually sent over a PR to CNBC about tomorrow's Fed meeting. 

Apparently, the Fed thinks that inflation is too low and will have a new inflation targeting policy announced at Thursday's Fed meeting!