Global FX: An Uncomfortable Setup for USD Bulls and Bears

261 Views27 Mar 2024 21:39
  • Powell's dovish tone at the press conference led to initial market reaction, but subsequent dollar rally due to revised growth and inflation forecasts in the SCP release
  • Market leaning towards higher median dot in SCP, but overall outlook remains for shallower cutting cycle by Fed
  • Yen vulnerability due to negative real yields despite BOJ rate hikes, yen weakening may impact other Asian currencies and markets

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  • Global FX: An Uncomfortable Setup for USD Bulls and Bears
    27 Mar 2024