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USD Into FOMC: Positive On Low Risk Of Dots Downgrade

The Federal Reserve convenes amid a snowstorm in  Washington. Will we also see a snowstorm in markets? The team at Nomura sees a positive outcome and details the keys for the shake in markets:

Here is their view, courtesy of eFXnews:

The USD has gained back some momentum ahead of tomorrow’s FOMC meeting.

In that regard, Nomura Research notes that the market has already priced the likelihood of a March rate hike well, but an earlier hike may improve market confidence in the Fed and its dots.

Into coming FOMC meetings, the risk of the dots being downgraded is clearly lower, which should be USD positive,” Nomura argues.

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.