bullish
Global FX: An Uncomfortable Setup for USD Bulls and Bears
SUMMARY
- 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
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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