A key analyst at London-based foreign exchange broker ActivTrades predicts possible further weakness for the U.S. dollar, which was on the back foot during the start of February 18 trade after winning some ground from other major currencies during the first half of the week.
ActivTrades senior analyst Ricardo Evangelista bases his forecast on the minutes of the latest meeting of the Federal Reserve’s Federal Open Market Committee on January 26-27 that make clear that the U.S. central bank will stick to its current policy of very low interest rates and large-scale bond purchases.
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