Dollar back under pressure in Asia

Uncertainty over the Trump administration’s policies was expected to weigh on the dollar in the near term, OANDA senior trader Stephen Innes told CNBC.

Market sentiment was also likely to remain subdued as investors awaited risk events, such as the outcome of the Federal Open Market Committee (FOMC) meeting and release of U.S. second-quarter GDP, due later in the week, Innes said. Particularly of note would be the Federal Reserve’s outlook on inflation, he added.

CNBC

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Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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