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Nov 05 - 09:55 AM

USD: Expecting A Dovish Tone From FOMC; To Reinforce Market Risk Appetite - Citi

By eFXdata  —  Nov 05 - 09:05 AM

Citi discusses its expectations for today's FOMC policy meeting. 

"Expects the Fed to be dovish, note that risks are rising, and will reassert that it is willing to be proactive, forceful and aggressive to support the recovery, if needed – For now we expect only modest changes in the Statement and supportive rhetoric in the press conference but rising market volatility could still trigger action and announcements," Citi notes. 

"We think the Fed meeting will reinforce market risk appetite but won’t stabilize markets right here, if we face a contested election or major Covid concerns. EURUSD is likely to trade the US election outcome first, and general risk aversion later," Citi adds. 

Citi Research/Market Commentary


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