US Greenback Hinges on Steering from Powell
US DOLLAR OUTLOOK: FOMC RATE DECISION & QUARTERLY ECONOMIC PROJECTIONS TO SWAY USD PRICE ACTION
- USD value outlook largely fixated on the Fed announcement due 16 September at 18:00 GMT
- US Dollar may resume its bearish development if FOMC officers like Chair Powell echo unfastened coverage
- DXY Index might rally if the S&P 500 VIX snaps sharply larger amid renewed threat aversion
The US Greenback will possible be entrance and middle on FX dealer radars over the following 24-hours. That is contemplating high-impact even threat going through USD value motion as a result of Federal Reserve announcement scheduled to cross market wires this Wednesday, 16 September at 18:00 GMT. Periodic Fed conferences have a tendency to go away the US Dollar vulnerable owing to heightened potential for outsized strikes. FOMC officers are anticipated to disclose up to date financial projections (SEPs) tomorrow and Chair Jerome Powell will maintain a press convention shortly after the press assertion launch.