Further US dollar strength in the near-term – MUFG, Pivot Orderbook analysis
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE and login below to read further [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Hawkish Federal Reserve has driven the US dollar higher. Economists at MUFG Bank expect the greenback to remain strong in the near-term.
“Market participants are becoming more confident that the Fed will deliver a third consecutive 75 bps hike this month (69 bps is currently priced in), and for the policy rate to reach a peak of close to 4.00% next year.”
“The labour market will have to show more acute weakness to materially alter the Fed’s plans for further tightening, and heighten US recession fears. In these circumstances, we continue to expect further US dollar strength in the near-term.”
[/s2If]
Join Our Telegram Group
