Have a look at our new FX Talk trailer. This podcast gives listeners a global perspective on the foreign exchange market.
- Industry
Our coverage
Global Payroll Payments
Ensuring your people are paid on time, in full, every time
Global Insurance Payouts
Time-saving service for insurers and their policyholders
Global Pension Payments
Time-critical payments to overseas pension scheme members
Global Expense Management
Take the hassle out of expense repayments
Travel
Paying vendor partners and clients has never been easier and more efficient
- About Ebury
- Contact
-
US
- Australia - English
- België - Nederlands
- Belgique - Français
- Brazil - Portuguese
- Canada - English
- Canada - Français
- Česká Republika - Čeština
- Deutschland - Deutsch
- España - Español
- France - Français
- Ελλάδα - Ελληνικά
- Hong Kong - English
- Ireland - English
- Italia - Italiano
- Luxembourg - English
- Nederland - Nederlands
- Polska - Polski
- Portugal - Português
- România - Română
- Schweiz - Deutsch
- Suisse - Français
- United Arab Emirates - English
- United Kingdom - English
- United States of America
Contact our experts
Ebury London
100 Victoria Street
London
SW1E 5JL
+44 (0) 20 3872 6670
[email protected]
Ebury.com
How will this week’s Fed meeting impact the US dollar?
( 3 min )
- Go back to blog home
- Latest
27 July 2021
Senior Market Analyst at Ebury, Chartered Financial Analyst. Providing expert currency analysis so small and mid-sized businesses can effectively navigate international markets.
With not too much macroeconomic data on tap, focus in financial markets this week will be firmly on Wednesday evening’s Federal Reserve monetary policy meeting.
We think that the latter will most likely delay the need for policy tightened from the Fed and we do not expect a formal announcement on QE tapering until the September meeting, when fresh macroeconomic and interest rate projections will be released. We do, however, believe that discussions will be had surrounding a tapering in asset purchases, as was the case in July. Any word on such conversations in the bank’s accompanying communications could be seen by investors as a US dollar positive.
Risk sentiment flip-flops amid ongoing virus concerns
Leading up to this week’s Fed meeting, risk sentiment has flipped one way and then the next. The dollar spent most of London trading on Monday on the back foot, with risk currencies advancing as concerns abated surrounding the latest aggressive spread of the COVID-19 virus around much of the world. Caseloads have begun to increase aggressively again in many of the key economic areas, although as long as the vaccines prevent a meaningful uptick in deaths, the FX market won’t go into full-on panic mode just yet. The dollar has, however, strengthened again versus its major peers this morning, with the safe-haven currency continuing to hover around three-and-a-half month highs.
Preliminary Q2 growth data for the US and Euro Area on Thursday and Friday respectively will be keenly watched by the market, although the data runs on a bit of a lag so it may be slightly overlooked by currency traders. Inflation data has taken on much greater importance, so Thursday’s Euro Area CPI numbers may prove a bigger market mover.
Cookies and Privacy
This site uses cookies to ensure you get the best experience. For more information see our Privacy NoticeSettings Reject Accept
Privacy Overview
Cookie | Duration | Description |
---|---|---|
cf_use_ob | past | This cookie is set by the provider Cloudflare content delivery network. This cookie is used for determining whether it should continue serving "Always Online" until the cookie expires. |
cookielawinfo-checkbox-advertisement | 1 year | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement". |
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Cookie | Duration | Description |
---|---|---|
_ga | 2 years | This cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors. |
_ga_P8154YCRDP | 2 years | This cookie is installed by Google Analytics. |
_gat_gtag_UA_51187572_50 | 1 minute | Google uses this cookie to distinguish users. |
_gid | 1 day | This cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form. |
_hjFirstSeen | 30 minutes | This is set by Hotjar to identify a new user’s first session. It stores a true/false value, indicating whether this was the first time Hotjar saw this user. It is used by Recording filters to identify new user sessions. |
_hjid | 1 year | This cookie is set by Hotjar. This cookie is set when the customer first lands on a page with the Hotjar script. It is used to persist the random user ID, unique to that site on the browser. This ensures that behavior in subsequent visits to the same site will be attributed to the same user ID. |
CONSENT | 16 years 4 months 14 hours 27 minutes | These cookies are set via embedded youtube-videos. They register anonymous statistical data on for example how many times the video is displayed and what settings are used for playback.No sensitive data is collected unless you log in to your google account, in that case your choices are linked with your account, for example if you click “like” on a video. |
pardot | past | The cookie is set when the visitor is logged in as a Pardot user. |
Cookie | Duration | Description |
---|---|---|
IDE | 1 year 24 days | Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile. |
test_cookie | 15 minutes | This cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies. |
VISITOR_INFO1_LIVE | 5 months 27 days | This cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website. |
YSC | session | This cookies is set by Youtube and is used to track the views of embedded videos. |
yt-remote-connected-devices | never | These cookies are set via embedded youtube-videos. |
yt-remote-device-id | never | These cookies are set via embedded youtube-videos. |
Cookie | Duration | Description |
---|---|---|
_lfa | 2 years | This cookie is set by the provider Leadfeeder. This cookie is used for identifying the IP address of devices visiting the website. The cookie collects information such as IP addresses, time spent on website and page requests for the visits.This collected information is used for retargeting of multiple users routing from the same IP address. |