Foreign Exchange Insights and Next Week
Yellen’s Speech Today and the Dollar Outlook
June 6, 2016
The Fed Chair’s speech in Philadelphia today did not depart significantly from her previous comments on the U.S. economic outlook, risks to the baseline forecast, and how Fed policy might evolve from here. One apparent change, which markets already had concluded, is that a federal funds rate hike to 0.50% at next week’s FOMC meeting […] More
New Overnight Developments Abroad - Daily Update
Markets Moved by Fed Rhetoric and British Opinion Surveys
June 6, 2016
With less than three weeks until the U.K. voter referendum on whether to remain part of the European Union, two surveys showed more people wanting to exit than to stay, although the margin was narrow in each case. Sterling has fallen 0.7% against the dollar, but the Ftse is 1.0% stronger. Commodities are up in […] More
