Everything in the economy for the last couple of months has become optimistic. Stock markets are higher, manufacturing declines have stabilized and last week’s employment numbers give some hope that the US economy is on the recovery road. However, all may not be well in the world’s largest economy.
Taking a look at the finer print, the economic turnaround so many have been supporting may actually be hitting a plateau. This nascent macro pessimism may be what the bullish dollar trader is calling for as fundamental factors may help boost the US dollar’s fortunes in the second half of the year.
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