KBND - Dollar Extends Gains Against The Yen But Broadly Firmer Ahead Of The FOMC
2024-03-20 06:55:00 ET
Summary
- Ahead of the outcome of today's FOMC meeting, no change in policy is expected, but the forward guidance, partly delivered in the updated projections, is the focus.
- Emerging market currencies are mostly lower.
- Europe's Stoxx 600 is giving back most of yesterday's 0.25% gain.
- Gold is consolidating in a narrow range of around $3 on either side of $2157 and is inside yesterday's range.
Overview
The US dollar remains bid ahead of the outcome of today's FOMC meeting. No change in policy is expected, but the forward guidance, partly delivered in the updated projections, is the focus. In the last iteration (December), the Fed "dot" was for three rate cuts this year....
Dollar Extends Gains Against The Yen But Broadly Firmer Ahead Of The FOMC