NEWS / Foreign Exchange

Worries for the US economic push the dollar low

The trading today is based on speculations ahead US Housing Starts and Building Permits. Also the traders speculate what will do the Fed with the interest rates tomorrow when at 14:15 ET is schedule the FOMC policy announcement. The expectations are Fed to leave the interest rate unchanged and to signal for rate cut in the coming 1-2 months. The worries for the US economy growth continue to dominant and that will cause new rumors for rate cut in the world biggest economy. The dollar will remain weak and in the coming 1-2 weeks will target the levels of 1.35.