FOMC minutes to provide more evidence of upbeat, more hawkish Fed narrative - ANZ

In the view of the analysts at ANZ, the minutes of the Federal Reserve’s (Fed) March meeting is likely to come in more hawkish, which could offer further support to the ongoing broad USD recovery.

Key Quotes:

“The FOMC meeting last month unveiled a quite hawkish Fed, as the Committee was just one official away from signaling a consensus to hike every quarter (according to the dot plot).

The minutes will likely provide more evidence of this upbeat, more hawkish Fed narrative and headlines may ultimately provide another leg of support to the USD.”