FXStreet (Delhi) – Kit Juckes, Research Analyst at Societe Generale, suggests that we are awaiting the last big market event of 2015 in the form of a much-anticipated (and discounted)
‘dovish hike’ by the FOMC.
Key Quotes
“Of course, we could get either no hike at all, or a less dovish hike than we expect. But assuming that the hints, nudges and winks have got expectations to the right place, what will matter for the FX market is how other assets are affected.”
“Currency policy can be a driver of FX markets for long periods, but at cycle turning points, what’s important is how capital flows are affected. That could be pretty dull in the near term for G10 currencies, but it’s pretty scary for emerging market currencies.”
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‘dovish hike’ by the FOMC.
(Market News Provided by FXstreet)