Hawkish Fed bets after strong US data to underpin the Dollar – Commerzbank DollarIndex Fed UnitedStates Banks
officials, the US Dollar continued to gather strength against its rivals. Economists at Commerzbank expect the greenback to remain resilient for the time being.“Cleveland Fed president Loretta Mester stated that she had already seen convincing arguments in favour of a 50 bps rate hike at the January meeting. St. Louis Fed president James Bullard made similar comments.
“If the data from the US should continue to surprise on the upside, it cannot be excluded that other FOMC members might join Mester and Bullard, which is likely to benefit USD.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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