FOMC meeting

Many Data Releases while Investors Monitor Coronavirus and Await FOMC Decision

January 29, 2020

China remains closed ostensibly for holiday but in reality due to the spreading coronavirus epidemic with the number of confirmed cases so far surpassing 6,000. Taiwan markets also were shut. The dollar firmed overnight by 0.3% against the kiwi, 0.2% relative to the euro, Swiss franc, loonie and Aussie dollar, and 0.1% vis-a-vis the peso […] More

Dollar Softer Ahead of FOMC Decision and After U.S. Current Account Release

December 19, 2018

Despite weaker data and pressure from Trump, the Federal Open Market Committee is expected to announce the fourth rate hike of 2018 later today but to couch such within more accommodative forward guidance regarding likely policy in 2019. The U.S. current account deficit jumped to $124.8 billion in the third quarter from $101.2 billion in […] More

Muted Market Response to PMI Data

August 1, 2012

Investors are marking time, looking past today’s data to the results of upcoming FOMC, ECB and Bank of England decisions. The dollar is unchanged against the euro and Swiss franc, up 0.3% versus sterling and 0.1% against the yen and yuan, and off 0.4%, 0.2%, and 0.1% relative to the New Zealand, Australian and Canadian […] More