15 Sep 2014
Fed rhetoric firming up? - Rabobank
FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist, points towards a firmer sounding FOMC this week.
Key Quotes:
“Following the recent study from the San Francisco Fed suggesting that the market may be behind the curve in pricing in the first Fed rate hike, the market is prepared for some slightly more hawkish rhetoric from the FOMC this week”.
“The USD has been the best performing currency on a 3 month view and if this trend continues a cable bounce on Friday could be short-lived”.
“Despite the risk of heightened volatility near-term, we expect cable to be at 1.62 on a 3 mth view”.
Key Quotes:
“Following the recent study from the San Francisco Fed suggesting that the market may be behind the curve in pricing in the first Fed rate hike, the market is prepared for some slightly more hawkish rhetoric from the FOMC this week”.
“The USD has been the best performing currency on a 3 month view and if this trend continues a cable bounce on Friday could be short-lived”.
“Despite the risk of heightened volatility near-term, we expect cable to be at 1.62 on a 3 mth view”.