Forex Analysis

USD Mid-day Analysis

The Dollar justifiably rallied in the wake of the Fed’s promise to be patient because

A relief rally is justified in the Canadian but we don’t see the prospect of

We think the Pound deserves a measure of short covering and at least a temporary return to

The SNB defends the CHF floor with an interest rate of now -0.25%. If needed, a further cut and interventions are possible. The floor will not move.

The German IFO expectations are due for release and we look for another positive surprise.

The German 10-year yield revisited its record-lows yesterday,

The pair closed in NY Wednesday at $1.5578 after rate had been pressed down to

The pair closed in NY Wednesday at $1.2345 following a volatile reaction to the FOMC announcement

The pair opened at Y118.65 in calmer Asia Thursday after a volatile NY range of Y116.82 to

A fairly orderly day in Asia for the AUD/USD after some big moves overnight.

The FOMC updated their forward guidance from “considerable time” to being “patient” for the normalisation process.

New Zealand’s September quarter GDP expanded a seasonally adjusted 1.0%.