USD – The dollar rose across the board on Monday ahead of this week’s highly anticipated FOMC meeting.
Investor expectations are quickly growing around the odds of the central bank announcing it will wrap up its bond purchases sooner than expected while also looking for clues on the timing of interest rate hikes next year.
Indeed, Wester Union notes that “the market has priced in the Fed concluding its bond tapering in Q1 and expects the central bank to put a rate hike firmly on the table by early summer.”
Investor expectations are quickly growing around the odds of the central bank announcing it will wrap up its bond purchases sooner than expected while also looking for clues on the timing of interest rate hikes next year.
Indeed, Wester Union notes that “the market has priced in the Fed concluding its bond tapering in Q1 and expects the central bank to put a rate hike firmly on the table by early summer.”