- Analytics
- News and Tools
- Market News
- Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank
Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank
Fed Chair Powell struggled to sound convincing about a hawkish Fed over the coming months. Economists at Commerzbank expect volatility around USD exchange rates to persist.
Fed Chair Powell did not convince
“Because Powell had sounded uber-hawkish in the past, he was only able to surprise on the dovish side or come across as neutral at best. But not always, not yesterday. It made little difference that the Fed Chair repeated over and over again that there would be further rate hikes and that there would probably be no rate cuts this year.”
“Slowly a double discrepancy is emerging between the market view and the Fed: disagreement about the final peak in interest rates and disagreement on whether there will be rate cuts this year. The first of these two discrepancies will be decided in the spring, but I believe the FX market is more interested in the second aspect. That means that the Fed induced volatility of USD exchange rates is going to continue even after the summer.”
© 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
