2023-05-24 17:30:00
© Archyde.com. Commerzbank experts’ expectations for the results of the US Federal Reserve meeting
Arabictrader.com – Experts at Commerzbank discussed their expectations for the results of the US Federal Reserve meeting, which will be released later today, Wednesday, which will have a potential impact on the movements of the currency markets, as the German bank economists saw that the impact of the results of the US Federal Reserve meeting on the dollar will not be significant and will not The results provide a lot of impetus for his moves.
Commerzbank experts added that the upcoming US Federal Reserve meeting will take place within 3 weeks, and that a hike of regarding 25 basis points more or less will not have a significant impact on the dollar’s movements, as the focus is currently on the pace of US monetary tightening on reality, and that the comments of US Federal Reserve members have always focused. And economic data towards monetary tightening and that the US Federal Reserve will continue to tighten and that expectations of a strong rate cut have no logic, the dollar will be able to defend its gains.
It should be noted that the dollar achieved a marginal rise during early trading on Wednesday, touching its highest levels since last March 20, but then tended to erase its early gains and settled near yesterday’s closing level, with anticipation of the release of the minutes of the US Federal Reserve meeting later in the day and the continuation of discussions between the White House And the House of Representatives to reach an agreement on the US debt ceiling crisis.
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