Deutsche Bank's Gullberg Says Dollar May Get Support on Lack of Fed Action

The dollar may rise after today’s meeting of the U.S. Federal Open Markets Committee, as policy makers “open the door” to further monetary easing without taking any immediate action, said Henrik Gullberg, a currency strategist at Deutsche Bank AG in London.

“They will highlight today what the options are if the data continues to deteriorate and they will have to open the door for the possibility of further action,” Gullberg said today in a phone interview. “It will be a slight disappointment for the market, and that could help the dollar because it will weigh on risky assets. But it will be no more than a marginal move.”

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

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