Dollar Could Snap Back Into Life as Fed Likely to Renew Recession Fears

19 -By Yasin – The dollar has made a timid start to the week, but with the Federal Reserve set to kick off its two-day meeting Tuesday some on Wall Street are backing the greenback to find its footing and mount a rally.The Federal Reserve’s update on the economy due Wednesday will likely lay bare the underlying economic weakness and shift investor focus to the looming recession, sparking a bid in the safe-haven dollar, Bank of America (NYSE:BAC) said.”The Fed will recognize deterioration in economic conditions and likely signal that rates will remain low for an …

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