Usd to gbp exchange rate december 2018: The U.S. Dollar Marches Higher ahead of Powell Speech; Analyst Views

“Market participants will be watching the symposium for any signals of the Fed’s thinking ahead of the 19 September FOMC meeting, especially after the chorus of (albeit more hawkish) Fed members yesterday who sounded reluctant to cut interest rates further.  We continue to expect the FOMC to cut interest rates by a further 25bp in September,” says Kim Mundy at Commonwealth Bank of Australia . “Powell’s speech at the Jackson Hole Symposium today will determine if AUD/USD closes on its lows for the week or not.  RBA Governor Phil Lowe is also speaking on a panel at Jackson Hole this weekend.” 

Leave a Reply

Your email address will not be published. Required fields are marked *