Arnaldo Rodgers is an educated Psychologist and works as a Elementary grade teacher and counselor. He is also editor of Veterans News Now and reports on all issues related to U.S. Veterans.

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US dollar stays weak, but long-term outlook still upbeat

US dollar

By businesstimes.com.sg

The US dollar fell to a five-week low on Friday, remaining under pressure for a third straight session after the Federal Reserve quashed hopes for a further currency bull run by keeping a gradual rate-hiking pace.

“At the moment, the dollar remains in correction mode, which we had fully expected,” said Fawad Razaqzada, market analyst, Forex.com in London.

“But we remain fundamentally bullish on the greenback because the Fed remains the only major central bank which is actively tightening its policy.” James Chen, head of research at Forex.com in Bedminster, New Jersey, also pointed out that the pace of Fed rate hikes and policy outlooks can change extremely quickly.

Read the Full Article at www.businesstimes.com.sg >>>>



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