Although Fed News Today

Stocks are higher in the US, yields are modestly lower ahead of the US jobs report..

Dollar making efforts to continue this week's rebound, but momentum appears to be lacking, except against Yen. Additionally, its ascent is being challenged by Swiss Franc, which currently stands as the day's strongest performer, propelled by substantial buying against Euro and Sterling. Commodity currencies are capitalizing on the stabilizing risk sentiment, slowly clawing back against Dollar's advances.

The Federal Reserve on Wednesday announced that it would hold interest rates steady for now, as officials declined to raise the central bank’s benchmark rate for the first time in more than a year. Before today’s announcement, the Fed had raised rates at 10 consecutive meetings over 15 months in an effort to cool the economy and bring inflation under control. Many analysts expected the central bank to announce a pause today, thinking the Fed was likely done with rate increases, but...

Might have to hope for some Q&A

The US Dollar Index has been moving in a downtrend since early October with investors anticipating a less aggressive policy tightening by the Fed in l

Weekly US Dollar Fundamental Forecast: Down, But Not Out Advertisement Fundamental Forecast for the US Dollar: Neutral The US Dollar (via the DXY Index) finished the week higher, even as the December US jobs report came in worse than expected with the first jobs loss since April. Five speeches by Federal Reserve policymakers, including one by Fed Chair Jerome Powell, will likely draw just as much attention as the two ‘high’ rated data releases on the forex economic calen...

Vaccine rollouts create valuation gaps for investors Irene Goh 24 December 2020 The timing of a sustainable rebound in global economic growth hangs on the successful rollout of coronavirus vaccines – opening a window for investors to seize on valuation gaps ahead of market pricing, writes Aberdeen Standard Investments Irene Goh. We predict the global economy will pick up in the second quarter of 2021 but not rebound until the second half as the approva...