US DOLLAR FORECAST, FOMC RATE DECISION – Speaking FactorsUS Dollar could rise on FOMC outlook, company earnings Fading coronaviru
US DOLLAR FORECAST, FOMC RATE DECISION – Speaking Factors
- US Dollar could rise on FOMC outlook, company earnings
- Fading coronavirus fears may uplift market sentiment
- EUR/USD technical outlook: pair could re-test 3-month lows
APAC RECAP: AUSTRALIA CPI UPLIFTS AUD
The Australian Dollar ticked modestly increased after a cascade of CPI knowledge was launched and confirmed value development for the fourth quarter had picked up. Asia-Pacific equities nursed their wounds from the prior selloff amid fears in regards to the unfold of the coronavirus. Nonetheless, these considerations are actually ebbing as threat urge for food is exhibiting indicators of restoration.
FOMC PREVIEW
The US Greenback could rise together with native fairness markets if the FOMC re-affirms its impartial place and pours chilly water over future easing expectations. Fed Chairman Jerome Powel will seemingly cite strong consumption and tight labor market circumstances as empirical proof that looser credit score circumstances aren’t warranted. Having mentioned that, the tune of the chairman is not going to seemingly be totally optimistic.
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Feb 03
( 04:02 GMT )
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