Forecasting the Coming Week: The Fed’s key meeting set to influence market moves

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

Fed News

Recommended,Currencies,Dollarindex

The US dollar succumbed to sustained selling pressure over the past few days, leading to its second consecutive weekly decline.

This weakness comes amidst growing expectations of a rate cut by the Federal Reserve on September 18, with most market participants betting on a 25 basis point reduction. The US Dollar Index added to Thursday’s losses and retested once again the sub-101.00 region on Friday, ending its second consecutive week in negative ground. The New York Empire State Manufacturing Index kicks off the US calendar on September 16.

On September 20 comes Germany’s Producer Prices and the advanced Consumer Confidence reading in the euro bloc by the European Commission. GBP/USD lost some of its earlier gains after reaching the 1.3160 area on Friday, but it still managed to hold onto a positive performance for the week. The publication of UK Inflation Rate is due on September 18. The BoE will meet on September 19, while Retail Sales, the GfK Consumer Confidence and Public Sector Net Borrowing are all due on September 20.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Forecasting the Coming Week: The US labour market steals the showThe Greenback finally managed to regain some composure, strongly bouncing off 13-month lows on the back of renewed downward bias in the risk-linked space, while positive results from the US docket also underpinned the weekly recovery.
Source: FXStreetNews - 🏆 14. / 72 Read more »