27 Apr 2015
FOMC this week's highlight - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, chief currency strategist and MD at Scotiabank explained that this week's highlight will be the FOMC.
Key Quotes:
"Where the focus will be how the Fed is evaluating the economy and in particular if they see Q1 weakness as related to temporary factors (weather & port strikes), we expect that they do."
"In addition, we expect the Fed to reference the impact of the strong USD as limited to a reiteration of “export growth has weakened’".
"This is the last meeting before June, which will leave the market looking for hints as to if there is any risk left for a June hike. For markets the focus from here will be on the timing of the first hike, the pace of subsequent hikes and the plan for the balance sheet."
Key Quotes:
"Where the focus will be how the Fed is evaluating the economy and in particular if they see Q1 weakness as related to temporary factors (weather & port strikes), we expect that they do."
"In addition, we expect the Fed to reference the impact of the strong USD as limited to a reiteration of “export growth has weakened’".
"This is the last meeting before June, which will leave the market looking for hints as to if there is any risk left for a June hike. For markets the focus from here will be on the timing of the first hike, the pace of subsequent hikes and the plan for the balance sheet."