29 Jan 2015
FOMC keeps the strong USD trend intact – Investec
FXStreet (Barcelona) - According to Investec, with the FOMC fuelling confusions regarding rate-hike expectations, the Fed’s stance on remaining patience doesn’t alter the strong USD trend.
Key Quotes
“The Federal Reserve effectively committed to keeping short-term interest rates near zero at least until June and set the stage for tough debates in the months ahead about whether to wait even longer. The communique continued to point to the FOMC being patient in its first rate hike.”
“Fed watchers continue to look for a June rate hike, although they could be disappointed if the global impact of lower oil prices continues to dampen inflation expectations whilst the statement also said that the committee was monitoring international developments closely. For now the statement does not alter the strong Dollar trend that cautiously resumed overnight.”
Key Quotes
“The Federal Reserve effectively committed to keeping short-term interest rates near zero at least until June and set the stage for tough debates in the months ahead about whether to wait even longer. The communique continued to point to the FOMC being patient in its first rate hike.”
“Fed watchers continue to look for a June rate hike, although they could be disappointed if the global impact of lower oil prices continues to dampen inflation expectations whilst the statement also said that the committee was monitoring international developments closely. For now the statement does not alter the strong Dollar trend that cautiously resumed overnight.”