Dollar Steady Ahead of Fed Decision -- Market Talk

Dow Jones14:49

0649 GMT - The dollar trades steady as investors wait for the Federal Reserve's policy decision at 1800 GMT. The Fed is widely expected to leave rates steady but markets will be looking for clues on the future direction of policy from new Fed Chair Kevin Warsh. Warsh is unlikely to position himself strongly against the Fed in his first meeting as chair by voting for a rate cut straight away, Commerzbank's Antje Praefcke says in a note. For the dollar, the decisive factor will be whether he describes the energy price shock as temporary and leaves market expectations for future rate rises looking unjustified, she says. The DXY dollar index trades flat at 99.554. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

June 17, 2026 02:49 ET (06:49 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment