109
Trader, analyst and instructor with a 6-year experience

What's next for USD on the new week?

The Fed managed to cool the USD rally down – the US currency holds below the early-March highs against all the currencies. Demand has slightly increased at the end of the week due to hawkish FOMC members’ comments, but it’s too late now: market doesn’t believe in a rate hike before September 2015.

On Monday we’ll pay attention to the PCE price index – one of the most important indicators for the Fed. On Friday the market will focus on the March NFP release. The figure will likely define the USD dynamics till the next Fed’s meeting on April 29. US economy added 295K new jobs in February – this was a solid positive surprise for the market. 

Scroll to top