20 Aug 2015
USD weaker on dovish FOMC – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Sverre Holbek assessed yesterday’s publication of the FOMC minutes.
Key Quotes
“Markets reacted by sending the dollar weaker and yields lower (EUR/USD had risen half a figure while the 2yr treasury yield had fallen 6bps half an hour after the minutes were published)”.
“Following the release of the minutes, the odds of a September hike as priced in the Fed funds futures market had fallen to some 35%”.
“US equities opened in the red yesterday, as energy sector shares pulled down the broader market. While losses were pared following the release of the minutes, the main indices ended the day lower”.
Key Quotes
“Markets reacted by sending the dollar weaker and yields lower (EUR/USD had risen half a figure while the 2yr treasury yield had fallen 6bps half an hour after the minutes were published)”.
“Following the release of the minutes, the odds of a September hike as priced in the Fed funds futures market had fallen to some 35%”.
“US equities opened in the red yesterday, as energy sector shares pulled down the broader market. While losses were pared following the release of the minutes, the main indices ended the day lower”.