FOMC: finally it is here – UOB

By FXStreet FXStreet (Guatemala) – Analysts at UOB Group noted that the September FOMC decision is finally here.

Key Quotes:

“The street is filled with valid arguments for and against a rate hike tonight but we continue to hold the view for a 25bps Fed rate hike with the Fed’s dot plot as the basis.

This tightening cycle should be one with continuous communication, gradual increase of rates and a relatively low terminal point.

Based on survey, the market approaches this event with slight long dollars on a very light positioning. Many market players choose to wait on the sidelines.

For that matter, we kept our portfolio light with only 1 option position and no cash position.”
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Source:: FX Street