XE Market Analysis: Europe – Sep 16, 2015

Major dollar pairings have been holding tight ranges, and while equity markets in Asia have followed yesterday’s gains on Wall Street and in Europe, volumes have been low with investors hunkered down ahead of what will be a finely balanced decision by the Fed tomorrow. A survey of 30 economists yesterday by the FT found 14 expecting the Fed to pull the rate-hike trigger. We also expect a 25 bp hike, but anticipate that this will be accompanied with a dovish statement and dot plot.