Strong USD could undermine a rate hike in September – TDS

FXStreet (Edinburgh) - Strategists at TD Securities have noted the risks that the Fed remains on hold in September due to the strong level of the dollar.

Key Quotes

“What concerns us however is that the Fed has increasingly sounded wary of significant USD appreciation”.

“At this point, an incrementally more hawkish Fed will not surprise markets but if USD strength is a legitimate concern for the FOMC then the statement on Wednesday could stop short of signaling a September hike”.