NEW YORK (Reuters) – Continues moderately corrective phase of the greenback, with the index on the main counterparts weighted trade comes briefly to touch the minimum for almost three weeks.
To attract the attention of investors the verdict on US interest rates coming Thursday night at the end of the FOMC, with financial markets progressively more and more convinced that for the first monetary policy tightening Fed will prefer to wait for December.
The course of change are inextricably linked to betting on the prospects for the short and medium term for the trend in interest rates.
“And ‘likely until Thursday to determine the movement of the dollar will not be so much the fundamentals but rather the strategic positions ahead of the Fed and, more generally, appetite or risk aversion,” said Esther Reichelt, strategist the currency market at Commerzbank in Frankfurt.
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