The dollar is expected to slow down in anticipation of the Fed meeting, at which, as expected, a decision will be made to slow down the rate of increase in interest rates. Global markets subsided before the end of the Fed meeting, which will be the next starting point. The regulator should raise rates for the fourth time this year, as well as voice plans for the future of monetary policy, taking into account the slowing growth of the global economy. How will the dollar behave and will its rise continue amid a pause from the Fed, the trade conflict between the US and China and the volatility of the global financial market? There are quite objective doubts about the fact that the US currency will maintain growth momentum.
Recall that the US President Donald Trump, who has repeatedly stated that "one cannot even think about tightening, given the global economic uncertainty," actively opposes the rate hike. However, the increase is possible, despite the displeasure of Trump, but there is a very high probability that the Central Bank will reduce the number of hikes in 2019 from three to two.
