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7 Jan 2015
Fed minutes: Questionable it will provide strong signal for markets
FXStreet (Bali) - According to BNP Paribas Strategists, it is questionable whether Wed's Fed minutes will provide a strong signal for market on the timing and pace of Fed tightening.
Key Quotes
"With most FOMC members likely unsure themselves on these points and stressing data dependence, it is questionable whether this release will really provide a strong signal for markets.”
"Risks for the USD are probably skewed to the downside heading into the release … the USD has often reversed its immediate post-meeting reaction on the release of the minutes, especially following big post FOMC moves and the USD gained sharply in the aftermath of the December meeting.”
Key Quotes
"With most FOMC members likely unsure themselves on these points and stressing data dependence, it is questionable whether this release will really provide a strong signal for markets.”
"Risks for the USD are probably skewed to the downside heading into the release … the USD has often reversed its immediate post-meeting reaction on the release of the minutes, especially following big post FOMC moves and the USD gained sharply in the aftermath of the December meeting.”