18.06.2015 - Worsening forecasts of the Fed has led to the weakening of the US dollar

Yesterday, the volatility in the foreign exchange market increased after the publication of the Fed's statement on monetary policy. Thus, the regulator has left monetary policy settings unchanged, but expect the Fed raising interest rates before the end of this year. According to forecasts of the average rate in 2016 will be 1.625%, in 2017 - 2.875% and 3.750% in the long term. Negative for the US dollar was the deterioration of the forecast for GDP growth in 2015 to 1.8% -2.0%, 2.4% -2.7% in 2016 and 2.1% -2.5% in 2017. Despite the weak outlook of GDP growth, we expect growth of US dollar in the medium term due to the expected tightening of monetary policy by the Fed.

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