- Analytics
- News and Tools
- Market News
- Long-term US yields pick-up provides another catalyst for a stronger USD – MUFG
Long-term US yields pick-up provides another catalyst for a stronger USD – MUFG
FXStreet reports that MUFG Bank said that the release of latest FOMC minutes is the main event risk for the week ahead.
“The release of the latest FOMC minutes (Wed) from the July policy meeting could provide further insight into the Fed’s plans. Over the past year, the trend has been for the USD to strengthen initially following the release of FOMC minutes but only modestly. As the Fed moves closer to a policy pivot, there is a risk of a bigger market reaction.”
“We continue to see risks as tilted to the upside for the USD in the week ahead. Any hawkish policy signal in the FOMC minutes could reinforce the USD’s upward momentum especially if key resistance levels are taken out. USD/JPY is poised to rise back towards and test July’s high at 111.66.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
