29 Jan 2015
FOMC a disappointment with majors in familiar ranges - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet, explained that the so awaited FOMC statement resulted in a big disappointment for those expecting to trigger some action.
Key Quotes:
"The US Federal Reserve maintained the “patient” rhetoric when referring to hiking rates, and presented a more hawkish statement, citing evidence that the economy is strengthening especially when it comes to job market. In regards of inflation, the FOMC expects it to decline further in the near time, but considers that it will be something temporal."
"Dollar reaction post-release however, was quite soft, with majors contained within familiar ranges, and the EUR/USD trading between 1.3105/1.3160. The only exception came with a strong upward move in USD/CAD, most likely attributed to falling oil prices."
Key Quotes:
"The US Federal Reserve maintained the “patient” rhetoric when referring to hiking rates, and presented a more hawkish statement, citing evidence that the economy is strengthening especially when it comes to job market. In regards of inflation, the FOMC expects it to decline further in the near time, but considers that it will be something temporal."
"Dollar reaction post-release however, was quite soft, with majors contained within familiar ranges, and the EUR/USD trading between 1.3105/1.3160. The only exception came with a strong upward move in USD/CAD, most likely attributed to falling oil prices."