OctaFX | OctaFX Forex Broker
Open trading account
Back

Lockhart coming in hawkish too

FXStreet (Guatemala) - Voting member Dennis Lockhart , President of the Atlanta Fed is backing a Dec rate hike as well this week and markets are getting behind the greenback on interest rate divergences across the board.

His key comments were:

Inflation well anchored.

Fed lift off appropriate soon by gradual.

Still a close call and data dependent but case for a hike should strengthen between now and Dec.

USD/JPY is performing best post comments

USD/JPY: bulls testing the golden ratio

USD/JPY has made a good base for itself above the October highs of 121.47 testing the 100 DMA at 121.76 and the golden ratio 61.8% level of the August highs of 125.27.
Read more Previous

EUR/USD holds near 3-month low, nonfarm payrolls eyed

EUR/USD is going through a consolidation phase as investors adopt a wait and see mode ahead of the US nonfarm payrolls report due tomorrow.
Read more Next
Start livechat