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10 Apr 2015
USD benefits as investors look to June for first US rate hike – Investec
FXStreet (Barcelona) - The USD has benefited against the EUR and the GBP as investors eye a June rate hike, notes Jonathan Pryor, Head of FX dealing at Investec.
Key Quotes
“The Fed minutes highlighting June (or shortly after) is still possible for the first US rate increase was ringing fresh in investors ears.”
“Come the afternoon the US Jobless Claims four-week average hit its lowest level in 15 years to help calm concerns over last week's poor Non Farm Payroll release. Additionally, this trend of falling Jobless Claims should heighten the chance of a revision higher for March's NFP number in the April release.”
“Solid moves lower in the Euro and Pound against the US Dollar have left the pairs at 1.0675 and 1.4715 at the time of writing.”
Key Quotes
“The Fed minutes highlighting June (or shortly after) is still possible for the first US rate increase was ringing fresh in investors ears.”
“Come the afternoon the US Jobless Claims four-week average hit its lowest level in 15 years to help calm concerns over last week's poor Non Farm Payroll release. Additionally, this trend of falling Jobless Claims should heighten the chance of a revision higher for March's NFP number in the April release.”
“Solid moves lower in the Euro and Pound against the US Dollar have left the pairs at 1.0675 and 1.4715 at the time of writing.”