News and Analysis of Events and Decisions Made at the US Federal Reserve (the US Fed)
The Dollar rose broadly after the head of the U.S. central bank sparked renewed expectations for further interest rate hikes as he expressed concern that inflation would remain too high over the coming months.
The Dollar was softer across the board after the Federal Reserve maintained interest rates at existing levels and signalled little appetite to raise interest rates again.
The Dollar was sold after the Federal Reserve Chair said U.S. financial conditions and tightened considerably and that it might have a bearing on future decisions regarding interest rates.
Pound Sterling will remain under pressure against the U.S. Dollar for some time say analysts following the Federal Reserve's policy update and guidance that suggests a first interest rate cut in 2024 will come later than previously expected.
The Dollar was broadly weaker in the wake of the Federal Reserve's July decision to raise interest rates by 25 basis points and signal that any further rate hikes would be entirely dependent on the nature of incoming data.
GBPUSD remains subject to a bullish technical outlook according to a new analysis from City Index, the retail trading institution, in a call that offers some context to the recent pullback and consolidation.
The U.S. Dollar rebounded with a vengeance over the course of the midweek session, taking value from the Pound, Euro and all other G10 peers, and setting itself up for a strong finish to what has been a mixed first half of 2023.
GBPUSD retreated from earlier highs after the Federal Reserve said it would leave its base interest rate unchanged at 5-5.25%, as expected.
Most U.S. Dollar exchange rates slipped lower in the penultimate session of the week after the Federal Reserve (Fed) raised interest rates and broadened its options in relation to future policy decisions but this and multiple other factors mean that analyst and economist views on the outlook are more nuanced than market prices might imply.
Deepening losses for the Dollar lifted the Pound to Dollar exchange rate to almost 1.26 late in midweek trade after the Federal Reserve (Fed) raised its interest rate but stopped short of suggesting that further increases are likely to be announced over the coming months.
The Canadian Dollar gave way to most other comparable currencies in midweek trade after the Institute for Supply Management (ISM) offered further signs of the Federal Reserve having success in wrestling down U.S. inflation, leading to a continued underperformance of North American currencies and further large declines for oil prices.
The Pound to Dollar exchange rate lifted Sterling to the top of the major currency league table last week but could rise further toward roughly 1.2690 up ahead if last week's economic figures lead the Federal Reserve (Fed) to take a rain cheque on a widely anticipated interest rate step this Wednesday.
The Pound to Dollar exchange rate rallied to retest one-year highs in the final session of the week after official data suggested the Federal Reserve (Fed) is nearing dry land in its battle against U.S. inflation, stoking uncertainty about next Wednesday's interest rate decision.
The Euro to Dollar exchange rate unwound some of its earlier gains in the final session of the week when poor U.S. retail sales figures were followed by remarks from Governor Christopher Waller suggesting the Federal Reserve (Fed) interest rate could rise further over the coming months.
The Pound to Dollar exchange rate pared earlier losses to trade buoyantly near the year's highs ahead of the weekend after the Federal Reserve's (Fed) preferred inflation measure fell further than was expected in the latest update, curbing a corrective rebound by the greenback.
U.S. exchange rates were mostly underwater for the period in the final session of the week after the Federal Reserve (Fed) suggested that its interest might rise by less than was previously thought once all is said and done, leading some analysts to anticipate further declines for the Dollar up ahead.
The Pound, Euro and other major currencies rose against the Dollar in an initial response to the Federal Reserve's decision to raise interest rates by 25 basis points.
The Euro to Dollar exchange rate has bounced sharply from the year's lows in recent trade but the balance of directional risk remains tilted to the upside ahead of Thursday's European Central Bank (ECB) interest rate decision owing in part to a sharp repricing of the Federal Reserve (Fed) policy outlook.
The high-profile failures of some small U.S. lenders and the resulting federal effort to prevent panic among depositors elsewhere have led financial markets to revise their outlooks for the Federal Reserve (Fed) interest rate while prompting analysts and economists to reconsider their forecasts.
Investment bank Nomura is one of the first major investment banks to come out and say the Federal Reserve will cut interest rates next week in light of recent stresses in the U.S. banking system.
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