29 Apr 2015
FOMC to be slightly hawkish – Scotiabank
FXStreet (Edinburgh) - In the opinion of Camilla Sutton, Chief FX Strategist at Scotiabank, today’s FOMC meeting could be biased towards the hawkish tone.
Key Quotes
“FX and bond markets appear to be pricing different outcomes from today’s Fed meeting; with US yields having moved higher this week and the USD having weakened”.
“Our base case is that the release repeats much of March, forcing markets to watch the data and financial markets from here and adding volatility; however the risk is that the statement is vaguely more hawkish than expected, driving a reversal in recent FX weakness”.
Key Quotes
“FX and bond markets appear to be pricing different outcomes from today’s Fed meeting; with US yields having moved higher this week and the USD having weakened”.
“Our base case is that the release repeats much of March, forcing markets to watch the data and financial markets from here and adding volatility; however the risk is that the statement is vaguely more hawkish than expected, driving a reversal in recent FX weakness”.