Some USD weakness after comments from Fed’s Fischer

  • Fischer: Fed likely to raise rates before year’s end
  • Fischer: Rate rises to be driven by jobs, progress back to 2 % inflation
  • Fischer: Uncertainty makes it difficult to know future rath path
  • Fischer: After first increase, future rate rises will be up and down
  • Fischer: Fed will provide as much guidance as it can
  • Fischer: ECB bond buying a plus for US, is lowering US bond yields
  • Fischer: Strong Dollar in part reflects US economic strength
  • Nothing particularly dovish here, but USD just had another round of weakness

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