US Dollar, USD, DXY Index, Fed, FOMC, ECB, BoJ, Hang Seng (HSI) – Talking Points
- The US Dollar resumed strengthening last week but is looking for direction today
- The Fed, ECB and BoJ monetary policy decision lie in wait for later this week
- A common theme will be what officials say in the aftermath. Can USD rally further?
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The US Dollar has mostly held onto the gains seen last week ahead of crucial central bank meetings this week.
The Federal Open Market Committee (FOMC) gathering on Wednesday will kick things off ahead of the European Central Bank (ECB) on Thursday and the Bank of Japan (BoJ) on Friday.
Interest rate markets are pricing in a 25 basis point (bp) lift from the Fed and the ECB but no change from the BoJ. The focus at all three conclaves is likely to be on the language and signalling that might emanate from the post decisions…
