News and Analysis of Events and Decisions Made at the US Federal Reserve (the US Fed)
The US Dollar fell broadly Thursday even after the Federal Reserve raised its interest rate for a second time in 2018 and signalled to markets that it will soon step up the pace at which it tightens US monetary policy, suggesting the two-month-long rally in the greenback may now be exhausted.
GBP/USD has fallen to the 1.36s after UK growth stalled in Q1, Brexit uncertainty revived and rising interest rates in the US continue attracting foreign capital.
The flattening of the yield curve has been bothering investors for some time now; those regular followers of Pound Sterling Live will remember this issue is something we were looking at quite a bit back in November 2017 when the phenomenon first hit the radar.
The Federal Reserve raises interest rates and strikes an hawkish tone yet the Dollar falls. We investigate why the Dollar has reacted this way.
Treasury yields and the Dollar were both lower overnight after the Fed left markets underwhelmed.
The combined years of experience in central banking of the members of the US Federal Reserve tends to have an impact on the trajectory of the Dollar, according to a study from Danske Bank.
The US Dollar softened into the final day of the week on confirmation Jerome Powell will be next chair of the Federal Reserve.
Taylor’s Rule places the Fed considerably behind the curve on interest rates, which has led strategists to speculate the greenback could rise as much as five per cent if the Stanford economist gets the top job.
Uncertainty over who will fill key positions, and the Trump administration’s supposed preference for a weaker Dollar, will probably favour Pound-to-Dollar buyers during the months ahead.
US Federal Reserve maintains a steady and Dollar-Neutral approach to interest rate rises that is unlikely to be swayed by near-term fluctuations in the data pulse.
The FOMC as good as announced a December rate hike in Wednesday's statement but cuts to its projections for longer term rates might weigh on the Dollar beyond the short term.
The market is flagging up risks of the Fed delaying their next interest rate hike - a move which could further weaken the Dollar.
The US Dollar continues to bleed value on global foreign exchange markets with fresh slippage coming in the wake of the US Federal Reserve’s July policy meeting and subsequent briefing.
The Dollar is looking firm at the start of the new week with gains being registered against both the Euro and US Dollar.
Fears that the Federal Reserve (Fed) could scrap plans to raise interest rates by a quarter of a percent in June are exaggerated, says Nordea Bank’s Johnny Bo Jakobsen, in a note seen by Pound Sterling Live.
Janet Yellen may have nudged the wheel a few degrees ‘hawkish’ on Monday evening when she addressed students at Michigan State University.
The Pound to Dollar exchange rate traded jumped higher in line with our pre-event forecasts.
Foreign exchange markets will be focussed on the words of US Federal Reserve Chair Janet Yellen who hits the airwaves at 18:00.
Tomorrow sees the end of the meeting of officials of the Federal Reserve in Washington to decide monetary policy.
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