Is dollar surprising with its weakness? Probably not

Thursday, 27/07/2017 | 12:41 GMT

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FRS has affirmed the market expectations by not changing interest rate and marking the inflation below 2%. Yet the attempt to persuade the investors, that the required balance has almost been found, was not successful. The effect was right the opposite, and investors have vigorously started dumping dollars.

Skipping the technical details, which only reaffirm the suspicions, the Larson&Holz Analytics Department have agreed that this sets the following targets:
1. EUR/USD will try to test 1,18000
2. USD/JPY is aiming at the point of 110.000
3. GBP/USD will reach 1,32000, and this is not the ceiling for the investors’ dream
4. USD/CAD has set the first goal of 1,23000; if the pair roots at this point, then the next goal is hitting the two-year minimum of 1,20000

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