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Wednesday, September 16, 2015

Dollar showing signs of weakness

Forex courses Pitbull Economics

The  dollar  is at a 3-week low against the Aussie and British Pound. It's at a one-month low against the Mexican peso.

This comes as speculation has been increasing about a Fed rate hike tomorrow. If so that would would be the first in nine years.

This dollar weakness could all be reversed if the Fed does raise rates, however, I  think that the rate hike (if it happens) is already well discounted and the whole thing could end up to be a "buy the rumor, sell the news" type of event.

On the other hand if the Fed doesn't raise then the dollar will almost certainly sell off further.

2 comments:

  1. http://www.bondeconomics.com/2015/09/pre-fed-comment.html?m=1
    Pre fed comment from Brian in Canada. :)
    Promote to post please.

    ReplyDelete