Excerpt from: Forex Forecast
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| June 17, 2008 | | US dollar in currency trading | The forex trading forecast for the US dollar is a little bit hard to read right now. The Federal Reserve has indicated that it will "pause" in its aggressive rate cuts for now, but this does not necessarily mean that there is room for rate increases.
Right now, there are signs of a weakening US economy, and this is not dollar supportive. With this signs, it is becoming increasingly likely that the Fed will remain on hold, rather than raise interest rates.
And that means that the US dollar is likely to slowly weaken in currency trading in the near future.
| Topic Tags: currency trading, currency trading FX market, Federal Reserve rate cuts, forex forecast dollar, forex trading, forex trading forecast, forex trading US dollar, US dollar currency trading | |
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