US Dollar Price Forecast: Fed Minutes Loom as EUR/USD and GBP/USD Test Resistance
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The price of the dollar began the session unchanged against the previous closing, in S/3,3590, in a flat context of the dollar index (DXY) against its main peers. The international market operates cautiously as investors await new signals about the next Federal Reserve rate decision.
US Dollar Price Forecast: Fed Minutes Loom as EUR/USD and GBP/USD Test Resistance
In comparison to the U.S. dollar, the euro has a stronger monetary policy backdrop. According to a Reuters survey, 57 of 69 economists expected the ECB to raise its deposit rate of 2.50 percent in September, while inflation continues to be above the ECB’s target of 2 percent. Policy divergence in favor of the euro continues to increase as the expectations surrounding the Fed’s policy continue to decline. Sterling is also benefiting from policy d…
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