Events that set a course, or three currencies and three predictions


The dollar is falling for the second day in a row amid a growing risk appetite that drives investors to actively sell the dollar after a recent rally.

Risk indicators in foreign exchange markets, such as the euro against the Swiss franc and the Canadian dollar, erupted green, although profits were tiny because US markets were closed on the occasion of Thanksgiving. An optimistic assessment of the short-term outlook contributes to the growth of the euro; tensions on the European bond market have declined slightly. In general, traders "worked off" recent events in the stock markets and turned their attention to the G20 summit next week and to the EU summit over the weekend.

The dollar pulls down doubts about how many times the Fed can raise interest rates in 2019, without risking a slowdown in the US economy. According to the new poll, next year, the rate will rise three times and by the end of 2019, it will reach 3.00-3.25 percent. The survey also showed that the probability of a recession in the United States in the next two years is 35 percent.

As for the British pound, it cost minimal fluctuations in the course. It will be possible to talk about its future fate only after clarity regarding the progress of the Brexit agreement appears. Until this agreement is reached, the pound sterling will remain under pressure, because every day there is a growing risk that the Brexit transaction will not take place.


The material has been provided by InstaForex Company -