“Mayar Capital” for Arabic: A clear change in the Fed’s tone, and the dollar is likely to weaken further
Mayar Capital CEO Abdel Aziz Abdullah Al-Naim said, in an interview with Al-Arabiya, that the US Federal Reserve has given signals about changing its tone regarding increasing interest rates, amid hints that it will be a time of need.
Al-Naeem added that it was revealed that the issue of not raising the interest rate was raised for discussion at the last Federal Reserve meeting, which approved an increase of 25 basis points, which gives a future way out and an indication that it is in a conservative position with a follow-up to recent events.
He explained that the first nine months of this year witnessed progress by the US Federal Reserve in the race to increase interest on other central banks, which was reflected in the price of the dollar during this period and its achievement of historically high levels against the basket of currencies.
And he continued: As of last October, central banks began to catch up with the US Federal Reserve in increasing interest rates, and I believe that the Federal Reserve can stop before the rest of the central banks, which may increase the continuity of the dollar’s weakness against currencies in the medium term.
