Dollar braces for dovish Fed, gloomy US data

The U.S. dollar will remain under pressure this week on expectations that the Federal Reserve will signal stimulus remains intact for longer at its two-day policy meeting, according to CNBC’s latest market survey of currency traders, analysts and strategists.

Technical indicators,however, suggest a short-term bounce from oversold conditions may be in store for the greenback after falling to near nine-month lows.

According to CNBC’s latest poll of currency market sentiment, 52 percent (12 out of 23 respondents) believe the U.S. dollar will slide this week. About 44 percent (10 out of 23) say the dollar will gain while one respondent expects prices to trade around current levels.


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