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Apr 28 - 09:55 AM

USD: Any Surprise At Today's FOMC Likely To Be On The Hawkish Side - Credit Agricole

By eFXdata  —  Apr 28 - 08:30 AM

Credit Agricole CIB Research discusses its expectations for today's FOMC policy meeting.

"With the meeting unlikely to exceed the already dovish investor expectations, we think that any surprises today could be on hawkish side. In particular, of key importance for the FX markets would be any indications in the updated text of the statement and during Fed Chair Powell’s press conference that the economy has started closing the gap to FOMC’s objectives," CACIB notes. 

"Moreover, investors will focus on any signals that the Fed sees the ongoing recovery as having a greater staying power and thus as posing upside risks to its economic projections. A confirmation of any of these hawkish risks could help the UST yields and the USD recover in the very near-term," CACIB adds. 

Source:
Crédit Agricole Research/Market Commentary

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