FX Daily: 5% USD deposit rates are hard to fight
The dollar has strengthened further after FOMC minutes gave no fuel to dollar bears
Sweden: Hard to pick a bottom for the unloved krona
The Swedish krona has been depreciating at a fast pace, and with the Riksbank no longer offering support, it's mostly up to market dynamics to reverse its trend.
FX Daily: Dollar grinding higher
Another quiet trading session saw the dollar grinding higher yesterday. The highlight of today’s session will be the release of the Fed minutes.