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Home >> Stock Forums >> US Dollar to face more selling pressure

US Dollar to face more selling pressure

AlfredSokol said: "The US dollar could face more selling pressure, depending on the outcome of tomorrow's Fed [url=http://www.forbes.com/markets/feeds/afx/2007/08/06/afx3990455.html]meeting[/url] [quote] Against this backdrop, Tuesday's Federal Open Market Committee's rate verdict takes on added importance even though a rate cut just now is highly unlikely. Players will be watching out for a softening in the previously hawkish rhetoric adopted by the rate setters. 'If this is not delivered, it is likely that we see further selling pressure for the dollar as the market analyses the Fed as falling behind the curve, failing to halt a financial problem and probably even inducing a harsher economic slowdown,' BNP Paribas (other-otc: BNPQY.PK - news - people ) analysts said.[/quote] :lecture:"