News
Important Only
TRY: The 35-level forecast looks more plausible – Commerzbank
In our last post on the Turkish lira, we explained that we remain cautiously optimistic. But at the same time, our old USD/TRY forecast of 35.0 (for end-2024) now looks more accurate than our recently revised forecast of 34.5 (revised 21 September).
Fxstreet
Wed, Dec 18
DXY: FOMC in focus today – OCBC
A 25bp cut is more or less a done deal but the focus is on the refreshed dot plot, which will provide guidance on Fed members’ expectation on rate cut trajectory into 2025 - 26. Dollar Index (DXY) was last seen at 107.00, OCBC’s FX analyst Frances Cheung and Christopher Wong note.Fxstreet
Wed, Dec 18
ECB’s Lane :It is prudent to maintain meeting-by-meeting approach
European Central Bank (ECB) Chief Economist Philp Lane said in an MNI interview on Wednesday that “it is prudent to maintain meeting-by-meeting approach.” Additional takeaways Also prudent not to pre-commit to any particular rate path.
Fxstreet
Wed, Dec 18
Fed one last time on autopilot – Commerzbank
Tonight, the Federal Open Market Committee (FOMC) of the US Federal Reserve meets for the last time this year to decide on monetary policy. It would take a miracle for the FOMC to do anything other than cut interest rates by 25 basis points.Fxstreet
Wed, Dec 18
ECB’s Wunsch: Four more rate cuts is a meaningful scenario that I feel relatively comfortable with
European Central Bank (ECB) policymaker Pierre Wunsch said on Wednesday that “four more rate cuts is a meaningful scenario that I feel relatively comfortable with.” Additional quotes Impact of tariffs depends on reaction in the exchange rate.Fxstreet
Wed, Dec 18
