Potential for the USD to rally out of the FOMC - NAB
|In the view of FX strategists at National Australia Bank (NAB), if the Fed maintains its inflation outlook and hawkish bias, despite recent softer data, the US dollar is likely to rally hard on the FOMC decision.
Key Quotes:
"If no upsets here, then what if anything happens to the 2018 dots - and the narrative surrounding them in Yellen's post-FOMC press conference, should be important"
If the Fed highlights that the medium-term outlook for inflation or rates hasn't really changed despite recent softer data, there is potential for the USD to rally out of the FOMC"
"We continue to expect this, hence our still bullish USD H2 2017 forecasts, for all bar EUR/USD"
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.