Forex Videos

Most experts are sure that the Fed will fulfill its promise to raise the funds rate one more time this year at the December meeting. Meanwhile, the United States is soon to release important macroeconomic data on inflation. The growth rate of consumer prices will give a hint about the readiness of the US economy for tightening the monetary policy. Market participants expect the US consumer price inflation to accelerate to 1.8%. Ahead of the report, traders are largely taking a wait and see approach to the US dollar, as there is a high probability that the official data miss the market expectations. The EUR/USD pair is hovering close to 1.1760. Analysts believe that the weak data on the US inflation will allow the euro to recoup the losses. Another European currency, the franc, continues to steadily extend gains. The USD/CHF pair fell to 0.9600 amid growing geopolitical concerns. The tension between the US and North Korea encourage investors to purchase safe haven assets before the weekend.