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Even though the lack of change in the Fed’s dot plot was perceived to be a bit more hawkish than anticipated, a review of the economic forecasts underscores why the US Dollar isn’t producing any gains. In addition, the Canadian dollar is considered to be a benchmark currency. By charting how the Canadian dollar behaves against the U.S. dollar, foreign exchange economists can indirectly detect internal patterns and performances in the U.S. economy that may not be seen so easily by direct observation.
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US dollar news for 15/05/2017
Cyber-security shares also rose, after a hack that locked down hundreds of thousands of computers across 150 countries over the weekend.Related link:
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