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TheStreet.com

Portfolio manager Axel Merk says the dollar focus shifts to the Federal Reserve (Fed) on TheStreet.com.

" 'Right now the focus is shifting to what the Fed will do next week,' says Axel Merk, Manager of the Merk Hard Currency Fund , in Palo Alto, Calif.

'I think the Fed is clearly on a course to inject liquidity into the financial system at any cost, which is bad for the U.S. dollar,' Merk adds, meaning he thinks that sooner or later the monetary authority will decide to cut benchmark short-term rates."