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USD rally poised to continue – Danske Bank

FXStreet (Edinburgh) - According to Anders Fischer, Analyst at Danske Bank, the FOMC meeting would deliver a hawkish tone, intensifying the USD upside.

Key Quotes

“In the global FX markets, tonight’s FOMC meeting will take centre stage”.

“We believe the meeting will mark a hawkish shift in the Fed’s stance and expect that the timing of the first rate hike will be put forward”.

“The market does not seem to be fully positioned for this, as the US money market currently prices in the first Fed hike in Q3 15”.

“Hence, a hawkish statement from the Fed is likely to trigger a re-pricing of the future Fed funds rate supporting the case for a further rally in the dollar in the coming months”.

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