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12.03.2021, 15:43

A more dovish FOMC may weight on USD next week - Credit Agricole

eFXdata reports that Credit Agricole CIB Research discusses its expectations for next week's FOMC policy meeting.

"We think the FOMC will maintain its cautious inflation outlook even as it presents its upgraded economic projections. Moreover, we believe that the updated Fed dot-plot would largely reaffirm the view that policy rates will remain at their current low levels in the coming years... A more dovish-than-expected outcome from the Fed meeting can boost risk sentiment and weigh on the USD vs risk-correlated and commodity currencies," CACIB notes.

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