USD has weakened to all currencies of the world

#1
After a sharp change in the Fed's rhetoric, at the end of the two-day meeting in March, there was the inevitable weakening of the dollar to all world currencies. As you know, in the beginning of the year, the Fed had plans for raising the refinancing rate four times. Now the situation has changed and now it is conducted only on two upcoming enhancements.

Such Fed's actions have become a signal for investors to understand what the market is planned preparation for the reduced rate. The basis for this assumption was compiled on March 16 about inflation, suggesting a decrease in the growth rate of consumer prices from 1.4% to 1.0%.
Against this background, and also noted the reduction of industrial production, the rate of decline is increased from 0.7% to 1.0%. Therefore, for investors it becomes apparent that there is a gradual deterioration of the macroeconomic dynamics that appears to reduce the growth estimates for the economy announced by the Fed.

The main reason for the fall of the American currency is just forecasts, voiced by the Fed. The decision of the US central bank suggested that in the near future the dollar will continue weakening. At the moment, investors and participants of currency exchanges on the best to buy Canadian dollars, Norwegian kroner or Russian rubles, which considerably strengthened in recent days not only due to the decision of the Federal Reserve in the US monetary policy, but also because of the current term, crude oil prices.

It should be noted that the strengthening of oil prices is not only against the background of a falling dollar, but also in anticipation of positive news about the forthcoming decision on the agreement, which was w reached about freezing the volume of "black gold" production Russia, Saudi Arabia, Qatar and Venezuela.
 
#2
The US dollar the moment is in a bad run. This is not mainly because of poor macroeconomic data but majorly because traders are nervous of the results of the US presidential elections.
 

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