Markets calm ahead of Fed rate decision

Markets calm ahead of Fed rate decision



28 квітня 2015 года
ICU

The markets were quiet yesterday in anticipation of the announcements from this week's FOMC meeting scheduled on 27-28 April. The euro rose just 0.11% yesterday from the previous session's close. While the consensus opinion is that the Fed will not raise the rate until June or September, the key question is whether the Fed will indicate precisely when the rate hike will occur. In Russia, however, market anxiety is high regarding its central bank's rate decision. While the consensus expects an imminent rate cut, the market is uncertain of whether it will be equal to or below 100bp or much more aggressive. In this environment, the ruble managed to increase 0.44% from the previous session to close at 50.6504/USD.

Источник: ICU

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