{"id":113257,"date":"2017-09-21T02:18:10","date_gmt":"2017-09-21T06:18:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=113257"},"modified":"2017-09-21T02:18:10","modified_gmt":"2017-09-21T06:18:10","slug":"the-fed-draws-a-clearer-picture-of-rate-hike-by-the-end-of-the-year-21-9-2017","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/the-fed-draws-a-clearer-picture-of-rate-hike-by-the-end-of-the-year-21-9-2017\/","title":{"rendered":"The Fed Draws a Clearer Picture of Rate Hike by The End of The Year 21-9-2017"},"content":{"rendered":"
September 21, 2017<\/div>
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By<\/b> Mexgroup.com<\/a><\/p>\n

Dollar Rebounds After Fed Statement.<\/strong>\u00a0As anticipated, the Fed announced\u00a0it would begin from next month to reduce its approximately $4.2 trillion in holdings of U.S. Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial crisis.\u00a0The dollar index was up 0.1 percent at 92.623 and near a two-week high of 92.697 set overnight, when it added 0.8 percent.<\/p>\n

Dollar Extended Its Gains Against Euro.<\/strong>\u00a0The euro is recovering from the losses suffered on Wednesday, when the common currency\u2019s slide against the dollar nudged it away from a 21-month high of 134.160 set on Tuesday.<\/p>\n

Kiwi Bounces as US Gains.<\/strong>\u00a0The New Zealand dollar was down 0.3 percent at $0.7334, its rally the previous day petering out against a broadly stronger dollar. The kiwi soared to a 1-1\/2-month high of $0.7435 on Wednesday after a poll showed New Zealand\u2019s ruling National Party pulled ahead of the rival Labor Party ahead of a general election this weekend.<\/p>\n

Dollar Hits 2-Month High Vs Yen On Heightened Fed Hike Expectations<\/strong>.\u00a0The dollar rose to a two-month high against the yen on Thursday after a hawkish-sounding Federal Reserve heightened expectations for an interest rate hike in December.<\/p>\n

Gold hits 3-week low.\u00a0<\/strong>Gold dropped to its lowest level in over three weeks at $1295.65 on Thursday as a stronger US dollar and the increasing likelihood of another Federal Reserve interest rate hike this year curbed demand.<\/p>

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Oil Prices Dip Due to Hike in US Crude Production.\u00a0<\/strong>Oil prices dipped during Thursday\u2019s trade due to hike in US crude inventories and production as well as stronger dollar.\u00a0US oil production has largely recovered from the shutdowns following Hurricane Harvey, currently standing at 9.51 million barrels per day (bpd), up from 8.78 million bpd directly after the storm hit the US Gulf Coast.<\/p>\n

Watch Out Today for:\u00a0<\/strong><\/p>\n

03:00 am GMT: JPY BoJ Interest Rate Decision\u00a0<\/strong><\/p>\n

06:10 am GMT: AUD RBA’s Governor Philip Lowe Speech\u00a0<\/strong><\/p>\n

07:30 am GMT: JPY Bank of Japan Governor Kuroda Speech\u00a0<\/strong><\/p>\n

14:30 pm GMT: EUR ECB President Draghi’s Speech<\/strong><\/p>\n

By MEX Group Team\u00a0<\/strong><\/p>\n

The post The Fed Draws a Clearer Picture of Rate Hike by The End of The Year 21-9-2017<\/a> appeared first on mexgroupblog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mexgroup.com Dollar Rebounds After Fed Statement.\u00a0As anticipated, the Fed announced\u00a0it would begin from next month to reduce its approximately $4.2 trillion in holdings of U.S. Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial crisis.\u00a0The dollar index was up 0.1 percent at 92.623 and near a two-week high of 92.697 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-113257","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=113257"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113257\/revisions"}],"predecessor-version":[{"id":113258,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113257\/revisions\/113258"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}