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  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/OCLzmXaDCu
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  • Supply constraints, rebounding global demand and rising inflation expectations may drive crude oil prices higher in the near term. Get your market update from @DanielGMoss here: https://t.co/ezPoAwcJt7 https://t.co/NMfk1cYSvE
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  • Given the size of the rally in the eleven months preceding the beginning of the current decline a broader sell-off looks warranted. Get your market update from @PaulRobinsonFX here: https://t.co/UxZiSulpwB https://t.co/raXvlzkGbV
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/lp0tmKS9WR
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Strategy Video: How Strong the US Dollar's Rally?

Strategy Video: How Strong the US Dollar's Rally?

John Kicklighter, Chief Strategist

Talking Points:

• Minutes from the Fed's last policy meeting presented a materially more hawkish tone than expected

• Yields and Dollar responded to the increased rate pressure, but the market's discount is still large

• While pairs like EURUSD can ride on current developments, others like GBPUSD need further encouragement

Find help with your trades and trading strategy from DailyFX analysts with DailyFX on Demand.

After an in-line showing from US CPI and with the market looking ahead to the Jackson Hole Symposium, the dollar's run was expected to cool. Yet, minutes from the Fed's last policy meeting added another log to the bulls' fire with a notably hawkish shift in the group's previous assessment of employment, inflation and proximity to the first rate hike. The fuel this added to the currency's already impressive pace has pushed USDollar to a six-month high and strong-armed a number of key technical breaks amongst the majors. Will this rally maintain the momentum needed to fortify breaks and extend trends from the likes of EURUSD, GBPUSD and USDJPY? We focus on the Dollar's immediate fundamental bearings and its potential through the medium term in today's Strategy Video.

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