US DOLLAR OUTLOOK TO TAKE CUE FROM FEDERAL RESERVE ECONOMIC PROJECTIONS, FOMC BALANCE SHEET GUIDANCE & FED CHAIR POWELL PRESS
US DOLLAR OUTLOOK TO TAKE CUE FROM FEDERAL RESERVE ECONOMIC PROJECTIONS, FOMC BALANCE SHEET GUIDANCE & FED CHAIR POWELL PRESS CONFERENCE
- US Dollar outlook stays targeted on the December Fed assembly with foreign exchange merchants probably directing consideration towards up to date FOMC projections and commentary from Fed Chair Powell
- The US Greenback might rise with Fed officers underscoring their comparatively less-dovish place, however the Buck could face downward stress owing to the ballooning FOMC steadiness sheet
- Try this text on US Dollar Volatility & Fed Meetings for an evaluation on USD worth motion has traditionally responded to FOMC rate of interest choices
USD worth motion might be entrance and middle throughout Wednesday’s buying and selling session with the Federal Reserve scheduled to launch its newest rate of interest determination at 19:00 GMT. This might be accompanied by an replace to the central financial institution’s quarterly financial projections and might be adopted by Fed Chair Powell’s press convention resulting from begin Wednesday at 19:30 GMT.
CHART OF FEDERAL RESERVE ECONOMIC PROJECTIONS (SEPTEMBER 2019)
Supply: Federal Reserve
I lately outlined how US Dollar outlook is fixated on commerce talks, the newest jobs report and ahead steerage supplied by FOMC officers. The FOMC has slashed its coverage rate of interest by 0.75% thus far this 12 months after chopping the…