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15 May 2015
USD Index falls as markets remain less bullish on Fed rate hike – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Team, note that USD Index has seen fresh three month lows as markets push Fed rate hike expectations into Q3 15 or Q1 16.
Key Quotes
“The dollar index – which tracks the world’s reserve currency against a basket of its major rivals, hit fresh three month lows, as markets seem less bullish on a rate hike anytime soon as had most analysts had previously estimated.”
“The latest wave of dollar selling was triggered on Wednesday by retail sales numbers for April missing expectations, which was the fifth consecutive month the figure had disappointed.”
“With the FED continuing to state it is ‘data dependent’, sentiment in the market has priced in a 2015 Q3 or 2016 Q1 lift off for a rate rise.”
Key Quotes
“The dollar index – which tracks the world’s reserve currency against a basket of its major rivals, hit fresh three month lows, as markets seem less bullish on a rate hike anytime soon as had most analysts had previously estimated.”
“The latest wave of dollar selling was triggered on Wednesday by retail sales numbers for April missing expectations, which was the fifth consecutive month the figure had disappointed.”
“With the FED continuing to state it is ‘data dependent’, sentiment in the market has priced in a 2015 Q3 or 2016 Q1 lift off for a rate rise.”