Don't expect any Fed rate hikes this year, says BNP Paribas

The French bank expects the US dollar to give back some of its recent gains

Federal Reserve
Federal Reserve: with no rate hikes in the pipeline, the dollar's strength will soften

CLICK HERE TO VIEW THE PDF

BNP Paribas revised its forecast for US interest rates in February, from initially expecting the Federal Reserve to raise rates three times in 2016 to one where the central bank will struggle to hike at all.

The change of tack fared well for the French bank, which topped last week's one-month forecast, for correctly predicting the US dollar's continued weakness and making an accurate call of 1.14 for EUR/USD.

"One of the big catalysts for that change of view was how

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: