- Analytics
- News and Tools
- Market News
- FOMC meeting will be a rollercoaster for the Dollar – Commerzbank
FOMC meeting will be a rollercoaster for the Dollar – Commerzbank
The FOMC meeting tomorrow will be a rollercoaster for the Dollar, rather weighing on it, in the opinion of Antje Praefcke, FX Analyst at Commerzbank.
If the Fed is determined to continue with its measures against inflation that would be positive for the USD
“If the Fed is similarly determined as the ECB to continue with its measures against inflation that would be positive for the Dollar, as the market would have to adjust its key rate expectations to the upside.”
“To my recollection, the expectations before a Fed rate meeting have never been so far apart, from 0 to 25 to 50 bps. Nobody really knows what we will get tomorrow, it is a bit like taking a pick from a chocolate box. Perhaps at this stage, not even the central bankers themselves know at this stage, who, if they had a wish, would probably wish not to have a meeting this week.
“I fear that Powell will have to run the gauntlet at the press conference tomorrow and that the FOMC meeting will be a rollercoaster for the Dollar, rather than weighing on it.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
