8 Apr 2015
Lift-off in the greenback - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained conditions surrounding the greenback on the day.
Key Quotes:
"After being under pressure for most of the European session, the American dollar lift-off with the release of the latest FOMC Minutes, where it says that “several participants judged that the economic data and outlook were likely to warrant beginning normalization at the June meeting,” albeit other members argued against it that energy-price declines and the dollar’s appreciation would continue to curb inflation, favoring a rate hike for later in the year."
"The EUR/USD pair traded as high as 1.0886 earlier in the day, with the posting a tepid advance amid firmer US yields once Wall Street opened, and finally turning positive as a June move is back on the table."
"Anyway its worth mentioning that the meeting was developed before the latest horrid US Payroll report. But the bottom line is that a June rate hike is still possible, and therefore the dollar regained its charm."
Key Quotes:
"After being under pressure for most of the European session, the American dollar lift-off with the release of the latest FOMC Minutes, where it says that “several participants judged that the economic data and outlook were likely to warrant beginning normalization at the June meeting,” albeit other members argued against it that energy-price declines and the dollar’s appreciation would continue to curb inflation, favoring a rate hike for later in the year."
"The EUR/USD pair traded as high as 1.0886 earlier in the day, with the posting a tepid advance amid firmer US yields once Wall Street opened, and finally turning positive as a June move is back on the table."
"Anyway its worth mentioning that the meeting was developed before the latest horrid US Payroll report. But the bottom line is that a June rate hike is still possible, and therefore the dollar regained its charm."