CMC: dollar will not weaken too much, despite Fed easing

USD unlikely to weaken significantly as ongoing rate differentials remain in its favour

dollar-grass
Standing firm: Michael Hewson says the 25 basis point easing will not affect the US dollar’s strength

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The US dollar is unlikely to weaken significantly due to the ongoing rate differentials, which will remain in its favour, irrespective of what the Federal Reserve did at its October meeting, CMC Markets says. 

The greenback will also remain strong against emerging market currencies, says Michael Hewson, chief market analyst at CMC Markets, which topped FX Week’s 12-month G10 currency forecast table. 

The Fed cut interest rates for the third time this year, on

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