CEE MARKETS-Currencies firm ahead of Fed rates decision
Central European currencies
firmed on Wednesday, gaining on expectations that the U.S.
Federal Reserve would leave rates unchanged with a hawkish tone.
The Fed is expected to leave its federal funds rate
unchanged at a level between 1.50% and 1.75% when it ends a
two-day policy meeting on Wednesday. Fed Chair Jerome Powell is
also expected to reiterate the rate will likely remain at that
level through much, if not all, of 2020.
By 0950 GMT the Polish zloty
firmed on Wednesday, gaining on expectations that the U.S.
Federal Reserve would leave rates unchanged with a hawkish tone.
The Fed is expected to leave its federal funds rate
unchanged at a level between 1.50% and 1.75% when it ends a
two-day policy meeting on Wednesday. Fed Chair Jerome Powell is
also expected to reiterate the rate will likely remain at that
level through much, if not all, of 2020.
By 0950 GMT the Polish zloty
Posted by Reuters
