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Brooks: The Fed needs to 'bite the bullet' for USD strength

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The Fed will hike in September, the dollar will strengthen and the euro is set to fall significantly. That's the view of forex market-watcher Kathleen Brooks from City Index. She's convinced the FOMC will 'bite the bullet' and raise rates which will confirm the dollar strength story.
The euro is looking particularly vulnerable, she says, not least because concerns about Greece could soon resurface. Brooks also looks at the prospects for sterling which has been enjoying a good run of gains in the past few weeks.