25 Jun 2013
Flash: A misperception on the Fed – OCBC
FXstreet.com (Barcelona) - Emmanuel Ng, strategist at OCBC said the dollar attempted to push higher against the majors on Monday but relinquished intraday gains to end mixed by late NY.
He suggests investors paused in their chase for the dollar after the Fed’s Fisher indicated that an exit “is way out in the future” and that a dialing back would still leave policy accommodative. Meanwhile, he noted the Fed’s Kochlerlakota said it was a misperception that the Fed had taken a more hawkish stance.
He suggests investors paused in their chase for the dollar after the Fed’s Fisher indicated that an exit “is way out in the future” and that a dialing back would still leave policy accommodative. Meanwhile, he noted the Fed’s Kochlerlakota said it was a misperception that the Fed had taken a more hawkish stance.