Reactions in USD due to comments by Fed members are possible, but really only by a few pips – Commerzbank
The market will pay particular attention to Fed Chair Jerome Powell’s comments. However, the US Dollar’s direction will not be determined by words, but by data, economists at Commerzbank report.
Data following much talk
Possible reactions in the Dollar due to comments by Fed members are possible at this stage, but really only by a few pips.
Instead, focus should be aimed at the US inflation data due for publication on Tuesday. If inflation continues towards the Fed’s target that would be a convincing argument in favour of possible rate cuts and thus also Dollar losses.
Reprinted from FXStreet_id,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.