US Dollar Index: Post-FOMC slide seems unlikely to be a trend-changer – Westpac DollarIndex Fed Banks
“The scale of the reversal, from 103.60 to around 102.50, is probably more indicative of very lopsided positioning than any change in the likely path of the Fed funds rate into 2023.”is struggling with a more acute stagflationary situation, while China is battling a Covid outbreak with strict lockdowns, knocking EM growth expectations lower. Yield spreads continue to suggest further upside on DXY in coming weeks, though perhaps in H2 signs of slowdown could cool USD .
“Payrolls is a wildcard as ever but shouldn’t alter the basic picture of a robust labour market, a point Fed officials will emphasize in coming days in the usual flurry of post-meeting media appearances.” 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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