Forex News: Us Dollar 16 June 2017 (6)

Dollar Rate In Pakistan

THE POUND is set to recover against the US dollar according to analysts at Lloyds Bank. The stock market’s reaction will be dependent on the perception of whether this process is a good tightening” (consistent with real economic growth) or a bad tightening” (falling behind the curve on inflation). This however is happening in an environment where the future of equity gains is being handed off from monetary policy to fiscal policy in the US. What the FOMC says and does remains important, but the market has rallied strongly on fiscal hopes and promises from the Trump administration.

The creation of the clearing center enables the two countries to further increase bilateral trade and investment while decreasing their dependence on the US dollar. It will create a pool of yuan liquidity in Russia that enables transactions for trade and financial operations to run smoothly.

Fresh economic forecasts released with the statement showed little change from those of the December policy meeting and gave little indication the Fed has a clear view of how the policies of Donald Trump’s administration may impact the economy in 2017 and beyond.

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