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Aug 27 - 10:55 AM

USD: Expected FX Reaction To Fed Powell's Speech - ING

By eFXdata  —  Aug 27 - 09:00 AM

ING Research discusses its expectations for the USD reaction around today's Fed Powell speech.

"The FX reaction to Powell’s remarks will likely depend on his tone on: a) the US economic growth in light of the Delta-variant spread; b) the timing and length of tapering; c) Economic and Financial Analysis FX 27 August 2021 Article any guidance on when the hiking cycle will start," ING notes. 

"Here, the dollar reaction should be the most straightforward: an optimistic tone should see USD rally across the board and a cautious stance should see USD fall and the likes of JPY and CHF likely reap most of the benefits as risk assets may also take a hit," ING adds. 

Source:
ING Research/Market Commentary

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