- Analytics
- Market analysis
- Market Opinions
- Interest rate hike by the Fed in June is unclear – the greenback remains supported
Interest rate hike by the Fed in June is unclear – the greenback remains supported
It's a little bit "strange" picture. The U.S. dollar rises against the euro despite the mixed U.S. economic data. The U.S. economy added only 126,000 jobs in March, after a rise of 264,000 jobs in February. The consumer inflation in the U.S. is still below the Fed's 2% target, and wages growth is still low.
Federal Reserve's March monetary policy meeting minutes showed that Fed officials were divided over when to start to hike interest rate. Some official said that it is better to raise interest rate in June, some officials would like to wait longer and some officials would prefer to wait until 2016.
Despite the fact that the economic data from the Eurozone is not better than the U.S. economic data, we should see a consolidation of the U.S. dollar as a possible interest rate hike by the Fed is already largely built into the price of the U.S. dollar. The euro could rise toward $1.1100. If the upcoming economic data from the U.S. is solid, the euro could test the low of March 13 at 1.0461.
© 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
