Pound, Euro and Yen to Make Gains on Dollar Following Fed Statement, Volatility Remains

The British pound and the Euro can be expected to reclaim gains on the Greenback thanks to the Federal Reserve's dovish tone Wednesday, but the outlook for these and other currencies, remains volatile throughout 2016. These observations from James Stanton, Head of Foreign Exchange at deVere Gro...

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Bibliographic Details
Published inMichigan Banker Vol. 28; no. 2; p. 10
Format Trade Publication Article
LanguageEnglish
Published Lansing Public Relation Enterprises, Inc 01.02.2016
Subjects
American dollar
Central banks
Currencies
Federal Reserve monetary policy
Gains
Interest rates
Securities markets
Volatility
United States > US
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Summary:The British pound and the Euro can be expected to reclaim gains on the Greenback thanks to the Federal Reserve's dovish tone Wednesday, but the outlook for these and other currencies, remains volatile throughout 2016. These observations from James Stanton, Head of Foreign Exchange at deVere Group, follow the Fed's announcement to leave interest rates untouched. Closer ahead, and in response to the Fed's announcement, it can be expected that the US dollar will weaken, with the British pound, the Euro and the Yen, amongst other currencies, making gains on the Greenback. The dollar rose when the Fed raised the interest rate in December as the markets increased their confidence in the US Economy. It
ISSN:1044-1948