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News and Analysis of Events and Decisions Made at the US Federal Reserve (the US Fed)
The Canadian Dollar underperformed on Wednesday but nonetheless, there is a trend emerging that is a problem for the Bank of Canada (BoC) and its economy, a problem which may be solved if policymakers simply do as they often have done by continuing along in the footsteps of the Federal Reserve (Fed).
The Dollar was down for the count against all major currencies on Tuesday but within recent ranges, although declines could be fueled over the coming sessions by the Federal Reserve, which could be about to target longer U.S. government bond yields with its quantitative easing programme.
The Dollar squeezed higher Thursday after the Federal Reserve (Fed) failed to settle a debate over its next policy steps and as European currencies came off the boil, but minutes of November's meeting hinted the bank could be about to target long-term bond yields, which may help keep the greenback on a glide path lower.
Contrary to what the Federal Reserve thinks, low US Treasury volatility is dangerously explosive says Althea Spinozzi, Fixed Income Specialist at Saxo Bank.
Powell's dovish message is bad news for the market says Althea Spinozzi, Fixed Income Specialist at Saxo Bank, who says the Fed is dragging us towards unsustainable levels of corporate debt and ever-low interest rates.
The Dollar turned higher against all currencies other than a rejuvenated Japanese Yen Thursday after the Federal Reserve (Fed) upgraded its growth forecasts before setting out what a much-vaunted new approach to inflation will mean for policy in the practice, although it’s not clear if the market reaction is simply profit-taking or a harbinger of a trend change.
The Dollar faded on Wednesday as a prior rebound melted away ahead of September’s Federal Reserve (Fed) policy decision in which the bank is expected to set out how its actions could change in the months ahead as a result of a new inflation targeting strategy announced in August.
The Dollar crept higher Thursday as financial markets mulled over minutes of the July Federal Reserve (Fed) policy meeting going into a session that will also reveal more about recent European Central Bank (ECB) policy deliberations as well as the path of Turkish interest rates, all with potential implications for major currencies.
The Dollar was lifted Thursday after the Federal Reserve (Fed) sat on its hands at July's policy meeting but a clear commitment to do more alongside congress and in support of the economy has helped further divided opinion on the outlook for the U.S. currency.
The Dollar was swimming in the red Wednesday amid continued deadlock in Washington's bipartisan talks over an economic aid bill, again placing the weight of the world on the shoulders of the Federal Reserve (Fed) just hours out from its July policy statement, which is a double edged sword for the greenback.
The Australian Dollar overlooked a climbing coronavirus toll and related disruption Wednesday as July's Federal Reserve (Fed) statement and rising precious metals offered the antipodean unit a glimpse of April 2019 highs.
The U.S. Federal Reserve delivered its latest policy update overnight where it left policy settings unchanged and committed to keep interest rates in the 0.25%-0% range for a great while longer.
The Dollar was crumbling on Wednesday after having broken through a technical support level that broke its fall last week and was on route toward its 2020 lows ahead of the June Federal Reserve (Fed) policy update that will dictate the mood in markets into the weekend.
The Dollar fimed overnight and was a touch higher early in the Thursday session after the Federal Reserve disappointed speculators who'd been betting the central bank would cut its interest rate before year-end.
The Dollar slipped lower during morning trading Thursday after minutes from the latest Federal Reserve meeting appeared to confirm that the central bank is unlikely to raise its interest rate at all in 2019, although some analysts are still tipping the greenback for fresh gains this year.
The Dollar was hobbled by broad-based losses on Wednesday after the Federal Reserve (Fed) suggested strongly that it will not raise U.S. interest rates at all this year, vindicating the market for having taken a dour view of the policy outlook back in January.
The Dollar traded buoyantly on Thursday after minutes from the Federal Reserve's (Fed) January meeting suggested some policymakers are still keen to raise interest rates this year, seemingly contradicting the market's view that rates are already as high as they're likely to go.
The U.S. Dollar was clobbered with heavy losses overnight and into the Thursday session after the Federal Reserve (Fed) suggested strongly the interest rate hiking cycle that has supported the Dollar this last year, could now be over.
The Dollar slumped Friday following the latest commentary from Federal Reserve (Fed) policymakers and after inflation data voiced support for the bank's new narrative that it can afford to be "patient" before hiking U.S. interest rates again.
A major risk for the US Dollar in 2019 is the Federal Reserve abandoning its policy of raising interest rates, a policy widely acknowledged as a driver of multi-year Dollar strength; a scenario predicted by Wall Street veteran Gluskin Sheff.
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