10 Mar 2015
Credit Agricole: Fed soundings lifts USD; we stay long – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes Credit Agricole views that with Fed on its track to hike rates in mid-year, USD remains a buy, especially versus EUR and CAD.
Key Quotes
“The USD has remained in demand. Fed’s Fisher stressed that a repeat of 2014 economic growth would put the year-end jobless rate at around 4.5% and that taking policy clues from present wage growth would put the Fed in dangerous territory. As such he reaffirmed that the Fed should raise rates early rather than moving later. He added that wage pressures will build as unemployment falls.”
“Overall we remain of the view that the Fed will consider raising rates as soon as mid of this year. Well supported central bank monetary policy expectations should keep the USD a buy.”
“We remain long the currency versus the EUR, and CAD.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The USD has remained in demand. Fed’s Fisher stressed that a repeat of 2014 economic growth would put the year-end jobless rate at around 4.5% and that taking policy clues from present wage growth would put the Fed in dangerous territory. As such he reaffirmed that the Fed should raise rates early rather than moving later. He added that wage pressures will build as unemployment falls.”
“Overall we remain of the view that the Fed will consider raising rates as soon as mid of this year. Well supported central bank monetary policy expectations should keep the USD a buy.”
“We remain long the currency versus the EUR, and CAD.”
This content has been provided under specific arrangement with eFXnews.