Euro rises despite Fed hawkish hold, eyes on Warsh’s speech

Euro rises despite Fed hawkish hold, eyes on Warsh’s speech

The shared currency surged after the Federal Reserve kept rates steady, by a 9 to 3 vote, with three dissenters who supported a 25-basis-point rate hike. The EUR/USD trades volatily above 1.1420, up 0.28%.  EUR/USD trades choppily above 1.1400 after the Fed held rates The Fed observed that economic activity continues to grow solidly despite […]

Hawkish hold may offer US Dollar limited support – BNY

Hawkish hold may offer US Dollar limited support – BNY

BNY’s Geoff Yu highlights that markets face a genuinely live Federal Reserve (Fed) decision, with futures implying about a 35% chance of a hike and a hold still the base case. He stresses that reaction will hinge on Kevin Warsh’s guidance on September, warning that a surprise hike would be cross-asset bearish and even a […]