A Dollar Recovery That Gains Traction or Flounders (Quick Takes Video)

Talking Points:

• The Dollar's tentative recovery from a 2017-long tumble began nearly a month ago and progress is slow to develop
• A hawkish Fed signal last month and Janet Yellen's remarks provided lift beyond mere moderation which prevailed
• Motivation is needed to forge meaningful momentum, but can Yellen or NFPs provide this week?

Speculative futures traders are holding a heavy, net-short Dollar exposure which is both fitting and a contrarian interest among traders. See how retail FX traders are positioned for pairs like EUR/USD, GBP/USD and USD/JPY on the DailyFX Sentiment Page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)

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