NewsCase StudiesEvents

Dollar falls as Fed signals end of rate hikes

Also in the news...

UK Tradeshow Programme documents

Specification of requirements and grant funding agreements for exhibitors in Great Britain and Northern Ireland.

'Golden opportunity' for Scotch whisky as UK launches India talks

A free trade deal between the UK and India could bring huge benefits for Scotch whisky producers, as the UK Government looks to cut tariffs of up to 150%.

Overseas Business Risk - Belgium

Information on key security and political risks which UK businesses may face when operating in Belgium.

Customs declaration completion requirements for Great Britain

Use this guide as a supplement when using the CHIEF and CDS trade tariffs to import and export goods to and from Great Britain (England, Scotland and Wales) after the end of the transition period.

When we select your goods for inland pre-clearance checks

Find out how inland pre-clearance checks affect you and what you need to do when we carry out checks on your goods.

Dollar falls as Fed signals end of rate hikes

Back to News

There was big move in USD across the board yesterday as US Federal Reserve Chairman, Jerome Powell reset expectations of domestic monetary policy

At a speech at The Economic Club of New York, Powell painted a rosy picture of the current economic situation however stated that interest rates were “just below the range of estimates of that level that would be neutral for the economy that is neither speeding up or slowing down growth.” Although a hike in December is all but assured it appears the Fed is ready to pause hiking sooner than was previously expected. Markets now predict two hikes for next year instead of three with one hike being a 50/50 shot. The dovish statement saw the greenback dumped, likely to the pleasure of US President Donald Trump. USD/JPY has fallen from 114 to close to 113 and EUR/USD has bolted from around 1.1275 to make a play for the 1.14 handle. The Dollar Index which measures USD against a basket of other currencies fell from 97.5 to around 96.7. This evening sees the latest Federal Open Market Committee minutes released so there is the potential for further losses should this also carry a dovish tone

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.