USD: Fed expected to announce faster tapering

The dollar is slightly stronger against a basket of currencies this morning ahead of the Federal Reserve’s monetary policy meeting this week.

The Federal Reserve’s two-day meeting will conclude with a press conference on Wednesday. Officials are widely expected to announce speeding up the tapering of their bond buying programme, which could mean that interest rates will be hiked earlier than planned.

There will also be a series of data releases for the US today, including retail sales figures on Wednesday and PMI data on Thursday.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.

Get a quote or
Thank you call handler
Speak to an expert 020 7898 0541

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.

Make a referral
Share to...
BlueskyBufferCopyFlipboardLinkedInMastodonMessengerMixPinterestPocketPrintRedditSMSTelegramThreadsTumblrWhatsApp