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USD to appreciate in response to Fed decision - UBS

FXStreet (Córdoba) - Central bank meetings, PMIs and inflation data will keep markets busy next week, said UBS analyst team, although all eyes will be on the highly anticipated first rate hike by the US Federal Reserve in almost a decade on Wednesday.

Key Quotes

“We expect the USD to appreciate in response, as the remaining uncertainties should finally fall away.”

“The Norges Bank could surprise with no rate cut on Thursday. Even if it does decide to cut once more, its easing cycle is likely coming to a close, as Norway's economy is stabilizing and inflation is running well above the 2.5% target.”

“The Bank of Japan will likely keep its easy policy unchanged, which should clear the way for a higher USDJPY after the first Fed rate hike.”

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