The market generates all expectations for the expecting cut of the U.S. Interest rates today. But if the Fed act strongly and cut the interest rates with 50 bps to 4.25% the dollar should test 1.47 even today. Otherwise if the Fed keeps the interest rates the dollar also will test the levels above 1.45 to 1.47. A serial of negative reports are expecting this week for the U.S. economy that will signal new momentum to test 1.45 even ahead the FOMC meeting today. This is the fourth consecutive week with falling dollar. No lights in the tunnel for dollar recovery in near-term. No support for the dollar.
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