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FOMC minutes in the limelight today – Danske Bank

FXStreet (Edinburgh) - Analysts at Danske Bank regard the FOMC minutes as the outstanding event today.

Key Quotes

“The only release of interest will be the minutes from the 16-17 September FOMC meeting”.

“These will cast more light on the decision to keep its 'considerable time' forward guidance”.

“We believe the discussion was quite extensive but that the Fed refrained from changing it because of the upward revision to the rate projections at the same meeting”.

“Had it removed the forward guidance on top, the Fed may have feared it would send a too hawkish signal”.

“The discussion will likely give a clue about the likelihood of the Fed removing the forward guidance at its meeting on 29 October”.

Finland Trade Balance rose from previous €-0.3B to €-0.17B in August

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