US dollar may rise in price – it depends on Fed's decision

12:14 - 21.09.2022

September 21 Fineko/abc.az.  By the end of 2022, the U.S. Federal Reserve System (Fed, U.S. Central Bank) is expected to raise interest rates on foreign exchange markets to 4.25-4.5%.

ABC.AZ informs that this means that the Fed will raise the discount rate by a total of 200 points at the September, November and December meetings.

The dollar index, which shows the ratio of the dollar to 6 currencies and exceeds 110, does not deviate from its maximum over the past 20 years.

It is noted that the index may exceed the level of 110, 786, which is the maximum of 20 years, if the Fed raises the rate by 100 points - above the forecast of 75 points.

 

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