24 Sep 2013
Flash: USD pulled left and right – BTMU
FXstreet.com (London) - There has been a series of speeches going on by FOMC officials and Derek Halpenny, Strategist at Bank of Tokyo Mitsubishi UFJ commented.
Key Quotes:
“In what is a busy week of speeches by FOMC officials, yesterday we had Lockhart and Dudley talk dovishly emphasising the need to focus on lifting growth”
“Dudley arguing that the Fed needed to “forcefully” push against headwinds – perhaps a reference to the negative fiscal drag and debt-ceiling uncertainties”.
“However, unsurprisingly, Dallas Fed President Fisher was much more hawkish and indeed indicated that if he had had a vote (he will do in 2014) he would have joined President George in opposing the taper delay”.
“Today, Pianalto and George speak although Pianalto is speaking on payment systems and George is making opening remarks at the same conference and hence we might not get much in the way of comments on monetary policy”.
Key Quotes:
“In what is a busy week of speeches by FOMC officials, yesterday we had Lockhart and Dudley talk dovishly emphasising the need to focus on lifting growth”
“Dudley arguing that the Fed needed to “forcefully” push against headwinds – perhaps a reference to the negative fiscal drag and debt-ceiling uncertainties”.
“However, unsurprisingly, Dallas Fed President Fisher was much more hawkish and indeed indicated that if he had had a vote (he will do in 2014) he would have joined President George in opposing the taper delay”.
“Today, Pianalto and George speak although Pianalto is speaking on payment systems and George is making opening remarks at the same conference and hence we might not get much in the way of comments on monetary policy”.