Home / forex / Nasdaq Stock Market : FOREX-Dollar inches up as investors eye Fed meeting, Dutch elections

Nasdaq Stock Market : FOREX-Dollar inches up as investors eye Fed meeting, Dutch elections

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“Usually the last 24 hours before the Fed meeting you enter this period where markets don’t move at all anymore, but it seems like with the Fed meeting and the Dutch elections, that has started 48 hours in advance,” said Constantin Bolz, head of currency strategy at UBS Wealth Management in Zurich.
With a Fed rate increase already seen as a done deal, investor focus was on what kind of a message the Fed would deliver after its two-day meeting starting later on Tuesday.
That extended falls the previous day on comments by ECB officials that were seen as relatively dovish.
Though Wilders has virtually no chance of winning enough seats to form a government, a PVV win would send shock waves across Europe.
[nL5N1GQ5T5] Polls suggest the government may lose about half its seats while the anti-Islam Party for Freedom (PVV) party of Geert Wilders surges.

according to

FOREX-Dollar stabilizes after recent losses as investors eye Fed

FOREX-Dollar stabilizes after recent losses as investors eye Fed*/

An interest rate rise would boost the dollar as it enhances the appeal of U.S. assets.
Fed funds futures on Monday have priced in a nearly 90-percent chance the Fed will hike rates on Wednesday.
“Expectations have solidified over the Fed raising U.S. interest rates this week following February’s solid NFP (non-farm payrolls) figure,” said UK-based Lukman Otunuga, research analyst at online currency broker FXTM.
Friday’s solid jobs number cemented the case for a rise in U.S. interest rates this week that will long predate any rise in European equivalents.
Against the yen, the dollar was little changed at 114.77 yen .

according to

Dollar inches up as investors eye Fed meeting, Dutch elections

Dollar inches up as investors eye Fed meeting, Dutch elections*/

For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets(Additional reporting by Shinichi Saoshiro in Tokyo; Editing by Catherine Evans)
“Usually the last 24 hours before the Fed meeting you enter this period where markets don’t move at all anymore, but it seems like with the Fed meeting and the Dutch elections, that has started 48 hours in advance,” said Constantin Bolz, head of currency strategy at UBS Wealth Management in Zurich.
REUTERS/Gary Cameron/File PhotoLONDON The dollar inched up in calm markets on Tuesday, with investors largely shying away from putting on big new bets ahead of Wednesday’s Dutch elections and expected interest rate rise from the U.S. Federal Reserve.
With a Fed rate increase already seen as a done deal, investor focus was on what kind of a message the Fed would deliver after its two-day meeting starting later on Tuesday.
That extended falls the previous day on comments by ECB officials that were seen as relatively dovish.

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