Moody's expected interest-rate hike from the Fed another 2 or 3 times by year-end

In a report agency Moody's says that the increase in interest rates in March by the Federal Reserve confirms that the financial representatives of the United States firmly focused on the course of monetary tightening in the country, analysts say.
After increasing interest rates in March, as was forecasted by Moody's, interest this year will be increased twice or even three times. The target range of increasing of the federal funds rate is 1.5-1.75%.
Moody's also revised upwards its forecast for US economic growth. Compared with the previous forecast of GDP growth of 2.2% in 2017 and 2.1 percent in 2018, the Agency now predicts an increase in US GDP by 2.4% this year and 2.5 percent next year.

The dollar is growing, but may show weekly decline

The dollar strengthened on Friday, but may show weekly decline against other major competitors, as investors doubt the possibility of raising the Fed rate in the current year.
Major currencies traded in narrow ranges, except for the Australian dollar, which dipped 0.9 percent as ratings agency Moody's downgraded the ratings of Australian banks.
Market's attention this week has been mostly focused on the mixed signals by the US Federal Reserve. Minutes of the last meeting of the regulator showed on Wednesday that the Fed heads view on the imminent rate hike has divided.
"The market generally believes, that the Fed will not raise rates in the near future, therefore the dollar in the short term remains vulnerable." - Said Lee Hardman of Bank of Tokyo-Mitsubishi.
The dollar index, which tracks the currency's value against a basket of six major currencies, to 12.28 UTR rose by 0.38 percent to 94.517, but shows weekly decline. Thursday's index slipped to 94.077, the lowest level since June 23.
Euro fell by 0.29 percent to $ 1.1320, for the week strengthened against the US currency, the yen fell by 0.41 percent to 100.28 on Tuesday after reaching a maximum of eight weeks at 99.55 yen.