RBS: the weakening of the dollar may continue

According to currency analysts Royal Bank of Scotland, dollar decline may continue against the backdrop of rumors that within a certain time in Fed not be necessary to raise interest rates. Yesterday’s speech Fed Vice Chairman Donald Kohn can be regarded as “absolute suppression of the recent more aggressive comments. The bank believes that the statements of Kona can be interpreted as follows: “Of course, we can raise the stakes and, if necessary, rather quickly, but most likely we do not have such a need arises, at least for some time.” Bank analysts believe that such an attitude in the heart of decision-making at the Fed indicates that the overall downward trend in the U.S. currency has to continue.