Dollar may see some more bad days ahead.

Since dollar is continuing to be a major issue to talk about, many strategists and traders feel that the U.S dollar would be weak for days ahead, a making way to slower economic growth in U.S. At this point, there is possibility that the Federal Reserve may decide to cut the interest rates.

In addition to weaker dollar, the unemployment report which stated that the unemployment-rate which inched higher is also leading the U.S economy to slow-moving side. The unemployment rate which was 4.4% in October rose to 4.5% till date. The U.S economy now at present is more dependent on job growth.

The Federal Reserve which meets next week to discuss the interest rates expects that the consumer spending will help the economy to re-stabilize itself. Let’s see whether the dollar will come up or the consumer spending will come go up before the Fed meets~~~