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Fed's Fischer considers recent USD strength appropriate - Investec

FXStreet (Łódź) - Jonathan Pryor, Corporate Treasury Analyst at Investec remarks that Fed officials commented yesterday on the possible timing of the first rate hike and the dollar strength.

Key Quotes

"Fed Vice Chairman Stanley Fischer highlighted that the Federal Reserve will not intervene in currency markets, calling the recent US Dollar strength 'fully appropriate'. He also stated the Fed’s pledge that interest rates will stay low for a 'considerable time' could mean anything from two months to one year."

"San Francisco Fed President John Williams speaking on forecasts for a first interest rate increase in mid-2015 said that timeframe is a 'reasonable guess to my mind', echoing New York Fed President William C. Dudley's opinion earlier in the week."

"The US Dollar has recovered a lot of its losses against the Euro and Pound after the Fed minutes on Wednesday evening, GBPUSD has fallen back towards the levels seen early on Wednesday morning."

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