18 Feb 2015
Credit Agricole: FOMC Minutes to strengthen USD foundations – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares Credit Agricole’s view for USD into FOMC Minutes.
Key Quotes
“While today’s minutes are unlikely to fuel significant short-term gains, their content should further strengthen USD foundations.”
“Perhaps more than the 28 January Fed statement itself, investors will closely scrutinise today’s FOMC minutes looking for any hints policymakers are leaning towards a stronger change in wording March 18.”
“Already partially reflected in the renewed rise in Fed rate expectations since the last FOMC meeting, investors again appear to be anticipating this change in wording and hence Fed consensus.”
“Should such a shift be revealed, this should solidify USD’s safe-haven credentials, seeing further inflows from more vulnerable higher yielding assets as dollar funding costs tighten.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“While today’s minutes are unlikely to fuel significant short-term gains, their content should further strengthen USD foundations.”
“Perhaps more than the 28 January Fed statement itself, investors will closely scrutinise today’s FOMC minutes looking for any hints policymakers are leaning towards a stronger change in wording March 18.”
“Already partially reflected in the renewed rise in Fed rate expectations since the last FOMC meeting, investors again appear to be anticipating this change in wording and hence Fed consensus.”
“Should such a shift be revealed, this should solidify USD’s safe-haven credentials, seeing further inflows from more vulnerable higher yielding assets as dollar funding costs tighten.”
This content has been provided under specific arrangement with eFXnews.