Tiger21Invest
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New York Fed’s President, William Dudley, said on Monday that US interest rates will remain low for a long time. When you combine this with the Australian interest rate increase, investors can see that the US is still weak, meaning it will take a long time to raise interest rates, there will be higher yielding currencies that can be invested in making the dollar a less attractive investment at this time. The dollar fell about 0.5% against the euro and I would expect future weakness in the dollar.