Another Fed rate cut likely priced into the U.S. dollarFor the short term, the U.S. dollar forex trading forecast is expected to be over the worst. Analysts agree that another Fed rate cut is expected by the end of the year (possibly by the end of this month), but that the rate cut is probably already priced in. The International Herald Tribune reports on the U.S. dollar forex trading forecast:
"There’s still consensus that we’ll see at least one more rate cut from the Fed before the year end and this has likely been fully priced in now," Hughes said. "But assuming there are no disasters with the non-farm payrolls (Friday) then there may be scope to ensure we don’t see a return to the recent dollar lows again in the near term."
See Also
U.S. Dollar Forex TradingTrading world currencies on the FX market
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