US Dollar: forecast for September 21-27
Market sentiment towards the US Dollar worsened significantly following the FOMC decision to leave rates unchanged on Thursday. The Fed’s policy statement turned out to be more dovish than expected, referring to the increased global risks and low inflation in the US. As a result, the Fed paved ground for a weaker US Dollar in the coming days and weeks. However, in the longer term we remain bullish for the US currency.
On the new week, we will be watching a bunch of the US data releases. Pay attention to the durable goods orders on Thursday. On Friday we will get the final US Q2 GDP and hear the Fed’s chief Yellen speaking.