U.S. Dollar is going to close the week dropping against most major currency pairs
U.S. dollar is going to close the week pretty strong decline against most major currencies in the Forex market, however, today’s U.S. data on retail sales and consumer sentiment can make their own adjustments.
Former U.S. Treasury Secretary Henry Paulson in yesterday's interview on Bloomberg Television said that the Fed’s exit from quantitative easing will increase market volatility and also positively responded to the actions of Bernanke. H.Paulson noted that thanks to Bernanke's skillful actions, the U.S. economy has grown on average by 2 percent since 2009 (in annual rate), moreover this took place against the background of the necessary reduction of the consumer debt burden.
It should be noted that the Fed is forecast to slow its monthly asset buying to $75 billion from the current $85 billion pace at its September 17-18 meeting.
According to forex.lv