ETF Securities FX Research – USD buoyant as market remains behind the FOMC
Summary
• After hiking rates for the first time in nearly a decade, the US Federal Reserve (Fed) remains data dependent but expects a gradual pace of rate tightening.
• Currency volatility will remain until investors become convinced that the global recovery will not be derailed by China slowdown.
• The future path of rate hikes is now the most important element of US monetary policy.
• US Dollar to peak by end-Q1 2015 as market expectations catch up to Fed projections.
Download the complete report (.pdf)
For more information contact
ETF Securities Research team
ETF Securities (UK) Limited
T +44 (0) 207 448 4336
E infoUK@etfsecurities.com
Important Information
General
This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the ”FCA”).
