Tag Archives: fx

27 Sept: Fed hike, as expected. RBNZ on hold. Busy day ahead: German CPI, US PCE, D/G + lots more.

  So the Fed raised rates by 25bp, as expected,  The US$ initially lost ground on the basis that the word “accommodative” was removed from the official statement, possibly suggesting that rates are reaching an appropriate level making further hikes unnecessary, but then returned pretty much to its previous levels as the press conference began. Overall, the immediate… Read More »