Forex Flash: FOMC could prop up the USD - DailyFX
FXstreet.com (Barcelona) - The FOMC is due to be published on Wednesday at 19GMT. According to David Song, Currency Analyst at DailyFX, "it could prop up the USD near-term as the world's largest economy gets on a more sustainable path."
Mr. Song notes: "Although Fed doves continue to float the idea of tying monetary policy to specific fundamental goals, the policy statement should take note of the resilience in private sector consumption along with the budding recovery in the housing market, and the recent uptick in employment may encourage a increased number of Fed officials to soften their dovish outlook."
Mr. Song notes: "Although Fed doves continue to float the idea of tying monetary policy to specific fundamental goals, the policy statement should take note of the resilience in private sector consumption along with the budding recovery in the housing market, and the recent uptick in employment may encourage a increased number of Fed officials to soften their dovish outlook."
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