020 7898 0500It’s now unlikely that the dollar will move much before the Federal Reserve meeting tomorrow. Markets have firmly priced in a 25-basis-point interest rate hike. This has been supported by several hawkish comments from various Federal Open Market Committee members, including Federal Reserve Chair Janet Yellen.
Markets will also be keen to see the famous ‘dot plot’, which gives an indication on future rate hikes. The dollar is likely to remain strong in the short term.
In addition to the Federal Reserve announcement, we’ll also see US retail sales figures out tomorrow, which have been very strong of late.
