Fundamental Forecast for US Dollar.

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Trader
Sep 23, 2021
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London, United Kingdom
The DXY holds near the monthly low (93.50) as Fed Governor Randal Quarlesanticipates a slow down in economic activity, with the official acknowledgingthat “supply bottlenecks and labor shortages that have been more widespread and persistent than many expected.”

As a result, a slew of mixed data prints may produce headwinds for the Dollar as Durable Goods Orders are expected to fall 0.2% in September, while the GDP report is anticipated to show the growth rate expanding 2.5% after growing 6.7% per annum in the second quarter of 2021.

What do you think about it?