Private DCN Private DCN - US Dollar

Spotlight on Federal Reserve rate decision

By Michael Cooper September 19th, 2016

It was an encouraging day for the US dollar on Friday, with positive movement seen in the US dollar market. Consumer Price Index (CPI) – a measure of inflation – boosted positivity with-better-than expected figures at a two-month high. Consumer sentiment data, however, remained static against expectations.

The start of this week is expected to be quiet due to minimal data releases. Wednesday will be a key day for investors as they look forward to the US Federal Reserve interest rate decision. It is widely regarded that the Federal Reserve will keep rates on hold but it will be the statement that follows that could give key indications on when the central bank might next make its next move. In addition to this, weekly unemployment claims data is expected on Thursday, with another stable figure predicted.

For the latest rates and news on a wide range of currency pairings, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.