Our website uses cookies to provide you with a good browsing experience. By continuing to use our website, you agree to the use of cookies. Please read our cookies policy.

I accept

Change in FX vs USD Pre- and Post-Fed Announcement

  • Subscribe

Market expectations going into the FOMC meeting yesterday were anchored around a neutral to slightly dovish policy stance. But the removal of references to gradual rate increases, as well as indications that balance sheet reduction may be adjusted, took the market by surprise and risky assets broadly rallied. In this context of less restrictive US monetary policy and a risk-on sentiment, investors across the board sold US dollars, with the DXY index down and other currencies up between 0.3% and 1.6% against the USD. With one of the key supports to the greenback stepping back, will we see further dollar downside ahead?

Change in FX vs USD Pre- and Post-Fed Announcement


 Access more chart insights

Average Future Monthly Returns at Current Valuations


View Unigestion’s investment strategies

EquityPrivate equityMulti assetAlternatives


Feedback