FOMC Expectation

April 29, 2015 by

There is little or no anticipation for today’s Federal Open Market Committee meeting as everyone awaits the incoming US data next week. As the market stands at the moment, the US Dollar is weak against most major pairs: GBP, EUR, and AUD.

The first quarter witnessed some weaker than expected data and this has put some downward pressure on the US dollar strength most especially the last non-farm payroll figures and the first quarter GDP figures were also poor.

The Fed will look forward to the incoming data before deciding which way to go as regards her forward guidance policy and most importantly the anticipated rate hike.