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If I Was the Fed I Would Drive the Dollar Lower

If I Was the Fed I Would Drive the Dollar Lower

5 Years ago | June 16, 2015 00:00:00

On Wednesday all eyes will be on the FOMC decision with attention focused on the accompanying statement and the press conference with Fed Chair Yellen.that follows, If I was in the shoes of the FOMC, I would seek to give myself some breathing room by looking to drive the dollar lower. While exchange rate policy is the responsibility of the US Treasury, the FX market will be sensitive to any comments from the Fed on the dollar.

One way to do this is for the FOMC to state that the strong dollar is a serious headwind on the economy. The FX market would likely jump on this and push the dollar lower as it would imply the value of the cur

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