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Don't Show Stanley Fischer This Chart

Careful to follow the status quo's meme, Fed vice-Chair Stanley Fischer just uttered the following...

  • FISCHER SAYS DOLLAR'S RISE ALSO REFLECTS RELATIVE U.S. STRENGTH

Which is odd because a) Jim Bullard said this morning that it was ECB QE that was responsible for the strong dollar; and b) US growth expectations have collapsed as the USD soared. Don't show him this chart...

 

 

Charts: Bloomberg