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
Bitcoin price surges toward $72,000, driving a collective rally in crypto concept stocks, with MicroStrategy extending gains by 10%.In pre-market trading on August 20, Eastern Time, Bitco
As of the Asian session on August 20, gold prices (XAUUSD) surged again today after breaking above $4,500 on Wednesday, reaching a nearly two-month high of $4,527.12 before pulling back i
The cryptocurrency market staged a strong rebound, with Bitcoin (BTCUSD) surging over 8% intraday to approach $70,000, reaching its highest level since early June and recording its larges
The US Treasury Department said on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs, the Wall Street Journal reported.
As of the Asian session on August 19, gold prices (XAUUSD) maintained a weak rebound intraday, rising about 0.2% on the day to trade near $4,340. Earlier on Tuesday, gold prices fell near
Related Instrument
