DailyFX Roundtable: Post FOMC/BoJ Trade Setups & Themes
- Emerging Market Currencies Continue to Gain Ground Against USD
- NZD/USD Fails to Test December Low (0.6862) Ahead of RBNZ Meeting
- Looking for more trade ideas? Review DailyFX’s 2017 Trading Guides
Join DailyFX Currency Strategists Michael Boutros, Paul Robinson and David Song for a roundtable discussion following the Federal Open Market Committee’s (FOMC) March meeting, with the U.S. dollar struggling to hold its ground even as the central bank raised the benchmark interest rate by 25bp to a fresh range of 0.75% to 1.00%. The fresh updates coming out of the central bank appears to have fallen short of market expectations as Fed officials continue to forecast a terminal fed funds rate of around 3.00%.
For the week ahead, the Reserve Bank of New Zealand (RBNZ) holds its policy meeting, with the central bank widely anticipated to keep the official cash rate at the record-low of 1.75%. More of the same from Governor Graeme Wheeler and Co. may heighten the appeal of the New Zealand dollar should the central bank show a greater willingness to gradually move away from its easing-cycle.
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--- Written by David Song, Currency Analyst
To contact David, e-mail firstname.lastname@example.org. Follow me on Twitter at @DavidJSong.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.