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29 Jul 2015
USD faces consolidation or further upside – TDS
FXStreet (Edinburgh) - Strategists at TD Securities assessed the potential scenarios for the greenback following today’s FOMC gathering.
Key Quotes
“For the USD, we think the overall setup heading into today’s FOMC decision is asymmetrical: a clear statement from policy makers that lift-off is likely in September puts the USD rally back in business”.
“At the same time, however, we do not expect the USD to suffer greatly from a less definitive outcome”.
“It does suggest, however, that we will face several more weeks of sideways consolidation until we get more visibility on exactly where things stand”.
Key Quotes
“For the USD, we think the overall setup heading into today’s FOMC decision is asymmetrical: a clear statement from policy makers that lift-off is likely in September puts the USD rally back in business”.
“At the same time, however, we do not expect the USD to suffer greatly from a less definitive outcome”.
“It does suggest, however, that we will face several more weeks of sideways consolidation until we get more visibility on exactly where things stand”.