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FOMC Decision Takes Center Stage, Focus on the ‘Dots’

JFD

Today, investors are likely to lock their gaze on the FOMC decision. The Committee is widely anticipated to keep rates unchanged, so market attention is likely to fall on the updated economic projections, especially the new “dot plot”, as well as any announcement over the reduction of its balance sheet. With regards to Brexit, UK PM Theresa May is likely to send a letter to EU Council President Donald Tusk today, explaining why the UK wants to extend Article 50.

Risk Appetite Eases, Spotlight Turns to the Fed and its Rate Path

The dollar traded higher or unchanged against most of the other G10 currencies. It gained versus AUD, NZD, JPY and GBP, and traded virtually unchanged against EUR and CAD. The greenback lost some ground only against SEK, CHF and NOK.

Although it's not clear by looking at the FX performance, the equity-market performance suggests a risk-on activity during the European trading, but a more subdued one in the US and Asia. Major EU indices were a sea of green, while...

Read the full financial markets daily report on JFD Research.

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Source: https://www.jfdbrokers.com/en/research/fomc-decision-takes-center-stage-focus-on-the-dots
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