USD To Strengthen Ahead of FOMC – Analysts Poll

The U.S. dollar is likely to rebound this week on expectations that the Federal Reserve will approve a “gradual” withdrawal of bond purchases at a monthly rate of $10 billion, CNBC’s latest poll of currency traders, analysts and strategists showed.

Two-thirds of CNBC poll respondents (14 out of 21) said they believed the U.S. dollar would recover after falling to a seven-week low against the Japanese yen on Friday.

“FOMC (Federal Open Market Committee) officials have given no signal the Fed will delay tapering this month,” said Mansoor Mohi-uddin, head of foreign exchange strategy at UBS.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu