A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration
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Here are the major talking points for investors as a new trading week beckons for financial markets.Can the U.S. dollar find a footing?The The dollar index has erased nearly half of its 30 per cent gain seen between early 2014 to late 2016, when the Federal Reserve was leading the way in retreating from easy money.Now that other central banks are seen following that path, rising U.S. bond yields have failed to provide much support for the dollar, while sentiment has also been affected given the Trump administration's protectionist measures and harsh trade rhetoric. But there are two sides of the currency trade and the risk is growing that other central banks are not happy about a weaker dollar. At this juncture, the bond market prices in 2.5 rate tightenings by the Fed this year, while some think the central bank will be far more active as the economy heats up thanks to tax reform and inflation is spurred by a weaker dollar.What will the latest Treasury refunding mean for the bond market?Every three months, the U.S. Treasury outlines the amount of debt it intends to raise from investors in the government bond market.
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