Sunday, 11 December 2016

Important week for the dollar

On Friday, the dollar rose against the basket of major currencies against the background of increased expectations that the Fed this week will raise the interest rate.
On Friday, the USD index, which shows the relationship of the US dollar against a basket of major currencies, rose by 0.48% to 101.60. For the week the index rose by 0.75%.
The market as never is sure about raise rates for the first time in a year on Wednesday. According to various forecasts investors assess the probability of rate hike to 100%.
The dollar is growing steadily on expectations the US central bank rate hikes, the currency becomes more and more attractive to investors.


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