The Fed has become the dollar’s ‘biggest problem’
|07/29/2017||Posted by BusinessMediaguide.Com under General World News||
The US dollar has a problem.
It’s the worst-performing G10 currency of this year, and has fallen about 8% against its major peers. As strategists identify catalysts that could send it higher, the Federal Reserve is unlikely to be on that list.
“The USD’s biggest problem, is it can’t expect help from the Fed for a long time, and that won’t change following the July FOMC meeting,” said Alan Ruskin, a macro strategist at Deutsche Bank, in a note on Wednesday.
“The most USD negative feature right now is simply how difficult it is to tell a USD positive read more >>>