The dollar rose after the Fed's decision
18.09.2014
The main currency pair is trading down after the announcement of the results of the September meeting of the Federal Reserve.
The Federal Reserve System of the USA at the September meeting, in principle, did not say anything new. The interest rate has remained in the target range of 0-0.25% per annum, the QE3 program still continues to work and is estimated at $ 15 billion per month.
According to statements by the Fed, interest rates will remain low for a long time. It turns out that once again there are no specifics, only general horizons – and right now the markets would like to know about the Fed's monetary plans.
The expectations regarding the economy of the USA by the regulator are rather positive. The GDP forecast for 2015 is estimated at 2.6-3.0%, for the year 2016 - 2.6-2.9%, in 2017 - 2.3-2.5%. Unemployment rates will remain at the end of the year at levels of 5.9-6.0% - this prediction is improved as compared with the release of June this year. Inflation is expected to reach 1.5-1.7% before the end of this year, in 2015 it is expected in the range of 1.6-1.9%, in 2017 - 1.7-2.0%.
The result is that the September meeting of the Federal Reserve has almost entirely reiterated the meeting in June.
After the announcement of the meeting the euro/dollar has weakened. Thursday's session for the pair will be held in the range 1.2880-1.2920.
RoboForex Analytical Department
The Federal Reserve System of the USA at the September meeting, in principle, did not say anything new. The interest rate has remained in the target range of 0-0.25% per annum, the QE3 program still continues to work and is estimated at $ 15 billion per month.
According to statements by the Fed, interest rates will remain low for a long time. It turns out that once again there are no specifics, only general horizons – and right now the markets would like to know about the Fed's monetary plans.
The expectations regarding the economy of the USA by the regulator are rather positive. The GDP forecast for 2015 is estimated at 2.6-3.0%, for the year 2016 - 2.6-2.9%, in 2017 - 2.3-2.5%. Unemployment rates will remain at the end of the year at levels of 5.9-6.0% - this prediction is improved as compared with the release of June this year. Inflation is expected to reach 1.5-1.7% before the end of this year, in 2015 it is expected in the range of 1.6-1.9%, in 2017 - 1.7-2.0%.
The result is that the September meeting of the Federal Reserve has almost entirely reiterated the meeting in June.
After the announcement of the meeting the euro/dollar has weakened. Thursday's session for the pair will be held in the range 1.2880-1.2920.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.