BREAKING : US Dollar Extends drop as IMF Lowers US Economics Growth Forecast

‎BREAKING : US Dollar Extends drop as IMF Lowers US Economics Growth Forecast

Talking Point : 

- IMF reduces outlook for US Economics in 2017, 2018

The IMF cuts it's 2017 growth forecast to 2.1% from the 2.3% outlook offered in April. And cut the 2018 outlook to 2.1% from the previous 2.5% projection.

- Trump administration policy uncertainty sighted for downgrade to outlook

- IMF thinks Fed should continue on path of gradual raise of Interest rates

Impact : Strong 

Sentiment : Bad for Dollar

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