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Dollar hits monthly low and shows worst weekly performance since May
The US dollar is negative after the next meeting of the Federal Reserve System (FED)
Jul 30, 2021
1 min read
Anna BakkerNews analyzer

Today USDX is showing weak growth against other currencies, but most likely this week will not be the best due to the publication of the dovish sentiment of the Federal Reserve System and disappointing statistics on the US economy.

Over the current week, the dollar index has shown not the best dynamics since May this year, losing 1%.

The head of the Fed, Jerome Powell, upset the investors who were expecting the rate change, saying that no interest rate increase is expected in the near future and the market is not yet ready for such measures.

The Fed continues to say that it is going to reduce the volume of printing money, but this process will take quite a long time, and besides, this year we will have another injection of $ 2 trillion into the US economy.

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