With the traditional summer lull underway and the Greek debt crisis sidelined for now, it is no surprise that US interest rate rise and its implication on currencies is again focusing investors' attention. Nearly ten years have passed since the US Federal Reserve last increased interest rates in June 2006 and nearly seven years since the onset of the 2008 financial crisis.
Since then, the economic environment in the US has improved substantially. Notwithstanding that this recovery was artificially supported by substantial asset purchases by the Fed and inequalities in US...
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