- Fed: An unlikely 50 bps hike would be very bullish for the Dollar – ING
Market news
20 March 2023
Fed: An unlikely 50 bps hike would be very bullish for the Dollar – ING
The Federal Reserve is focused on inflation and will look to hike 25 bps if conditions allow. Economists at ING analyze how Wednesday’s meeting could impact the US Dollar.
A pause could see the Dollar weaken a little
“We do not expect too much volatility if conditions allow the Fed to hike 25 bps and the dot plots do not surprise too much.”
“An unlikely 50 bps hike would be very bullish for the Dollar – and EUR/USD could well trade under big support at 1.05 on the news.”
“A pause could see the Dollar weaken a little – but it would be understandable after recent bank failures.”
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page