The Federal Reserve speeds up its quantitative tightening, and this is certainly bullish news for the USD. At the same time, this is a negative factor for the American stocks, which have entered their seasonally worst month.
US dollar: forecast for April 24-28
In the coming days, we’ll hear from the Fed’s member Kashkari on Monday. CB consumer confidence is due on Tuesday, while core durable goods orders and unemployment claims are awaited on Thursday. On Friday America will release the first estimate of Q1 GDP. One probably shouldn’t expect strong growth figures after the disappointing data on retail sales and consumer prices in March.
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