After a weaker economy data for the previous couple of weeks as consumer price inflation and retails sales, it is likely for the central bank not to rise the interest rates again this year. There may be another rate hike in December 2017 as it has happened in the past.
Chances of future hikes increased to nearly 70% in March this year but now they are fading. Markets are beginning to believe that another hike may not happen this year and the dollar is falling against most currencies as the pair USD/JPY is the most accurate indicator for the dollar's decline to a level of 108.150.
Source: Bloomberg
Trader Senan Fuchedzhiev
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