US Dollar sees some light ahead of the weekend

• US Dollar is gaining strength after Fed decision volatility.
• New York Fed’s Nowcast model predicts robust economic growth in third and fourth quarters.
• Fed expects financial conditions to remain loose, supporting the economy.

The US economy is experiencing a moderate slowdown, but indicators suggest that economic activity remains robust overall. The Federal Reserve (Fed) has indicated that the pace of its interest rate increases will be determined by economic data.

The upcoming US election will have wide ranging impacts across financial markets, but for now the US Dollar is holding its ground. However, dovish bets on the Fed remain steady and might limit the USD.