Forex Flash: Bullish forecast for the USD - DailyFX

FXstreet.com (Barcelona) - David Song, Currency Analyst at DailyFX, comments on the FOMC Minutes, which stands out as the biggest event risk for the next 24-hours of trading; "the fresh batch of central bank rhetoric may prop up the USD should the committee continue to talk down speculation for QE3" he says. In David's opinion, "there is limited scope for the FOMC to push through another large-scale asset purchase program amid the stickiness in underlying inflation," therefore, the analyst maintains its bullish forecast for the USD.