Dollar Rally Hurt By Rate Outlook And Lehman, Fed Will Decide Direction (Forex Video)

Published September 13th, 2008 - 02:48 GMT
Al Bawaba
Al Bawaba

The US dollar ends the week with a potentially market-defining pull back. Will the Fed's rate decision recharge the greenback or confirm a reversal?




·         Lehman may have tripped the dollar up, but growth and rate forecasts will determine the currency's fate.
·         Inflation and rate decisions command the calendar next week. Fed and SNB rate decision along with BoE minutes top event risk. .

Stories to watch on DailyFX

·          How is the financail turbulence affecting risk appetite in the currency? The carry trade is a good barometer.
·          See what trade setups are topping the DailyFX Analysts' lists in the DailyFX Analysts Picks section.

Send any comments or questions to jkicklighter@dailyfx.com.