Spectra Managing Director Donnelly: There's room for the dollar to rise before the Fed decides

On 23 July, the President of Spectra Markets, Brent Donnelly, stated that the dollar might get stronger a few days before the Federal Reserve interest rate resolution of 29 July, as traders would digest a certain probability that Federal Reserve Chairman Kevin Walsh would increase interest rates. “The market is convinced that Walsh is serious about re-establishing his credibility in fighting inflation. Given that the dollar is slightly light, and that the hawks are more likely to be present at this conference, there is still room for the next seven days for the dollar to rise.” “I look at the dollar in short,” he said。