Mon, Jan 25, 2016 - Page 13 News List

Respite from currency market turmoil could be short-lived as BOJ, Fed meet

BALANCE:One analyst said US Federal Reserve officials must convey a message that appeases both doves and hawks when addressing market volatility and pricing

Bloomberg

The US currency is projected to strengthen to ¥125, according to a separate survey.

“It’s going to be very challenging for the Fed to convey a message that satisfies both the doves and the hawks,” Commonwealth Bank of Australia London-based foreign exchange strategist Peter Dragicevich said.

“If they don’t express some concern around volatility, the market could see that as them being more hawkish, but again, if they change tack, the market could say that they’re trying to justify market pricing and that would be more dovish,” Dragicevich added.

Additional reporting by Reuters

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