The market is right to be wary of too much Dollar strength – Commerzbank
Source Fxstreet
Economists at Commerzbank review Wednesday’s FOMC meeting and its implications for the US Dollar (USD).
The story may be the same, but the tone has changed
We can probably conclude that the story has remained the same, i.e. the Fed still wants to wait for inflation to return to its target on a sustained basis. The new projections are also consistent with this.
The only thing that has changed is Powell's tone: while he sounded very hawkish in January, this time he sounded much more neutral. This assessment of a more neutral Fed may change again as FOMC members speak in the coming days, but for now, the market is right to be wary of too much Dollar strength.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As Microsoft ( MSFT) and Google ( GOOGL) sequentially delivered stellar cloud computing report cards, Amazon ( AMZN) also proved with an earnings report that far exceeded expectations tha
WTI holds losses around $82.50 on renewed US-Iran diplomatic hopesWest Texas Intermediate (WTI) oil price remains in the negative territory for the second successive day, trading around $82.60 per barrel during the Asian hours on Friday. Crude oil prices have lost ground following renewed hopes for a diplomatic solution to the US-Iran conflict.
West Texas Intermediate (WTI) oil price remains in the negative territory for the second successive day, trading around $82.60 per barrel during the Asian hours on Friday. Crude oil prices have lost ground following renewed hopes for a diplomatic solution to the US-Iran conflict.
As of the Asian session on July 30, gold prices ( XAUUSD) surged and then retraced following the Federal Reserve meeting, once falling to $4,028.62 during the session. From a market persp
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.80 during the early Asian trading hours on Thursday. WTI falls amid some profit-taking despite escalating conflicts in the Middle East.
With the FOMC rate decision looming, the US SEC Chairman's support for the CLARITY Act has a very limited impact on the crypto market.On July 29, US SEC Chairman Paul Atkins voiced suppor
Related Instrument
