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January 2016

All eyes on the FED announcement tonight

Published: Wednesday 27 January 2016

Later today the USD Federal open market committee will make a statement after announcing the Federal funds rate. No one is expecting any change to the interest rate this month but markets will be scrutinise the statement searching for clues as to what action may be taken at future meetings. 

Last month the central bank lifted the fund rate by 0.25 per cent point, the first hike in almost a decade. The markets expect the next hike to happen in March so any news to the contrary will cause volatility to the value of USD dollar.  

Latest FX news by Michael Condron

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