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FOMC minutes to support a stronger USD - Scotiabank

FXStreet (Córdoba) - Camilla Sutton, strategist at Scotiabank, commented that the Fed minutes are the focus and expected to support a stronger USD as it will refocus markets on diverging interest rate paths.

Key Quotes


"The Fed minutes are expected to showcase the more hawkish stance of both non‐voting members like Bullard and Lacker and voting members like Plosser and Fisher. Accordingly, the risk is that the focus on the timing of normalization to begin sooner rather than later".

"In addition, the minutes might provide further clues as to the exit plan; but a full reveal of this is more likely to be delivered directly from Chair Yellen".

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