FXStreet (Bali) - The FX Team at RBS does not expect this week's FOMC to make any significant updates to its statement’s key language.



Key Quotes



"A busy data calendar in the US should place market focus squarely on the USD and FOMC monetary policy expectations. The FOMC’s July meeting is this week and we expect it will make few, if any, updates to its statement’s key language."



"This week’s meeting does not include a new press conference or forecasts, meaning the FOMC will not have the opportunity to tailor its message regarding a communication update with additional information. At the same time, it does not appear that the FOMC’s views have changed significantly since they last met in June, as per Fed Chair Yellen’s largely unchanged Congressional Testimony."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Would Central Banks Step in If Stocks Tumble, Could They Stop It?

  2. Forex News

    EUR/USD: Greek speculations dictating the major - FXStreet

  3. Forex News

    EUR/USD Slammed and Jammed to Complete Range Month

  4. Forex News

    EUR/USD: bearish outlook, even despite Greece - BBH

  5. Forex News

    Grexit to set a precedent – DB

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!