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Jul 28 - 10:55 AM

USD: FOMC: Not Expecting Explicit Details On Tapering But Not Expecting A Dovish Tilt Either - MUFG

By eFXdata  —  Jul 28 - 09:30 AM

MUFG Research discusses its expectations for today's FOMC policy meeting.

"The risks emanating from the Delta variant are likely to be the primary downside risk factor in focus at this evening’s FOMC meeting but the developing situation in China may well be raised in the Q&A,"MUFG notes. 

"We have already laid out our views for this week's meeting but in summary, we do not expect any explicit detail on tapering plans this evening but we also do not expect a dovish pivot and hence expectations that tapering planning is progressing will be maintained which should support the dollar," MUFG adds. 

Source:
MUFG Research/Market Commentary

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