• USD: FOMC meeting ahead, but not many fireworks expected - ING

Market news

14 September 2020

USD: FOMC meeting ahead, but not many fireworks expected - ING

Strategists at ING suggests that the key event of the week is the FOMC meeting (Wednesday). 

"While the central bank may seek to operationalise its new average inflation targeting approach with some additional forward guidance, the soft Fed policy looks largely priced in following Chair Jerome Powell’s Jackson Hole speech, meaning that more positive news is needed to push cyclical currencies higher and the dollar lower."

"With fragile equity markets and risk sentiment, it is unlikely to happen this week, in our view."

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