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Despite Strong Fundamentals The Dollar Advance Has Been Underwhelming

Despite Strong Fundamentals The Dollar Advance Has Been Underwhelming

2 Years ago | July 01, 2018 00:00:00

John M. Bland, MBA, co-founder, Global-View.com


Dollar Should Be Doing Better? The strongest fundamental force in forex trading tends to be interest rates. After the most recent Fed meeting (June 13), the Federal Reserve sent signals that further rate increases are likely. The Fed has made clear the view that it sees 2.50% to 3.00% as the equilibrium level for Fed Funds (Current target range top 2.00%). Latest FOMC member interest rate forecasts suggest most now expect two more 25bp interest rate hikes this year. Three further hikes are then expected in 2019 and one more increase is expected in 2020.

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