There is potential for volatility post-FOMC

John Hardy

Head of FX Strategy
John Hardy joined Saxo Bank in 2002 and has been Head of FX Strategy since October 2007. He focuses on delivering strategies and analyses in the currency market as defined by fundamentals, changes in macroeconomic themes, and technical developments.

The dollar is undergoing a major rally, or short-squeeze, with the Dollar Index heading back into positive territory for 2018 on May 1.

One key test of this trend will be today's Federal Open Market Committee outing. Markets do not expect any sort of policy move, but the reaction to the Fed's statement as investors pore over each and every potentially significant turn of phrase could be revealing as to the real level of confidence behind the USD surge.

Join Saxo Bank head of FX strategy John Hardy as he outlines the potential for post-FOMC volatility.


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