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January 30, 2018

AvaTrade, Prospect of FOMC meeting on Jan 31st - Here are Bullish & Bearish factors!

Will the Fed Help the USD to Recover?

AvaTrade - What's now?

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This article is originally referred from AvaTrade News.

Fed Interest Rate Decision and FOMC Statement Wednesday, January 31st, 2018 at 19:00 GMT

Last week, the US dollar reached a new 3-year low against the euro after US Treasury Secretary, Steve Mnuchin, suggested a weak dollar would be good for the US.

Nonetheless, President Donald Trump later said that Mnuchin’s comments were misinterpreted and that he wants to see a strong dollar.

Other Central Banks have spoken against artificial manipulation of exchange rates, but what will happen tomorrow?

Market experts are divided in 2 groups:

  1. Bullish factors
    • A weak dollar favours exports (goods and services) denominated in USD and this further stimulates the US economy.
    • The Fed’s dual mandate is almost fulfilled with full employment (4.1% unemployment) and stable low inflation (1.8%).
  2. Bearish factors
    • US President Donald Trump seeks a strong dollar.
    • The Eurozone economy is strengthening at a moderate pace and this is pushing the single currency (EUR) up.

What do you think? Will the EUR/USD continue to rise or fall?

Follow the News together and don’t miss out this opportunity!

Original Source: AvaTrade News

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