USD: Dollar strengthens after Fed meeting

The dollar strengthened after the Federal Reserve’s press conference yesterday, but then eased slightly afterwards.

As expected, Federal Reserve officials left monetary policy measures unchanged yesterday. However, Fed Chair Jerome Powell said that changes could happen as soon as November and explained that board members thought that tapering of monetary policy could conclude around the middle of next year. This would then make way for rate hikes.

Flash PMI figures for the US will be released this afternoon, indicating how the services and manufacturing industries performed in December.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 3918 7255 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