NewsCase StudiesEvents

Traders demonstrate caution ahead of US GDP and Fed Chair’s keenly awaited speech

Also in the news...

The Advantages Of A UK Subsidiary

The UK is one of the best places on Earth to have a business. This makes many overseas companies seek to enter the UK market.

Registration of Title to Land at Abuja Geographic Information System, Nigeria

The Federal Capital Territory (FCT) Abuja, Nigeria’s capital is gradually becoming a renowned city in Africa. In recent times, there has been an influx of people into the city and its real estate development and construction sectors are developing at a tremendous pace.


Looking to set up your UAE company? How about a visa for life? It might sound too good to be true, but it’s a reality. And the offer ends October 31st.

4 Red Flags You Should Watch Out for When Hiring a Web Design Team

If you want to build traction for your startup, you need to invest in a high-quality website. You also can't afford to make too many mistakes, because a good website costs money.

UK showcases green dozen at Global Investment Summit

The Government reveals the 12 businesses from across the UK who will showcase their green technology and innovations at the Global Investment Summit.

Traders demonstrate caution ahead of US GDP and Fed Chair’s keenly awaited speech

Back to News

The US dollar index edged higher on Tuesday touching a high of 97.50, shrugging off less hawkish than expected comments from Fed member Clarida yesterday afternoon, who said that monetary policy is not a pre-set course.

He mentioned that interest rates were closer to neutral but there is no agreement at the FOMC about ‘how close’ to neutral they are. He said hikes should be dependent, noting that it was important to see capex rebound after a soft result in Q3. In a separate speech, Atlanta Fed President Raphael Bostic said the central bank "is not too far" from a neutral interest rate and “neutral is where we want to be”. The Fed has raised rates three times this year and is expected to increase again in December.
It’s a big day for the dollar today. No doubt the US/China trade rhetoric will ramp up in the run up to the G20 on Friday. Meanwhile, US Q3 GDP is due for release with the market looking for a print of 3.6% q/q. Fed Chair Powell is due to speak later on too, in what’s being touted as his most important speech yet. Investors will be looking to the speech for any softening in his tone after he indicated in October that the Fed was not close to halting rate hikes.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.