US President Donald Trump may finally get his wish for a weaker currency in 2020. Since October, the US Dollar has been under pressure, and the trend is anticipated to accelerate into 2020. Trump has criticized his central bank for not supporting the economy to the tune of global counterparts. He urged the Federal Reserve to slash interest rates into negative territory, following the EU, Switzerland, Japan, and Denmark.

The last Federal Open Market Committee (FOMC) meeting of the US Federal Reserve for the year 2017 will start today. All meetings last two days and the Federal Chairman will announce the results during a press conference after the meeting has been concluded. Many Fed watchers predict the outgoing Federal Chairwoman Janet Yellen will announce an interest rate increase of 25 basis points. This will leave the official Federal Funds Rate at an upper bound level of 1.50% and a lower bound level of 1.25%.

The leaders of the U.S. Federal Reserve made a decision that is likely to begin in the near future to cancel the assistance program QE. This is evidenced by October meeting’s reports (minutes) published on Wednesday by the main body of the U.S. central bank - FOMC.