US Dollar to weaken further as the Fed becomes less hawkish – MUFG DollarIndex Fed InterestRate UnitedStates Banks
One of the important risk events for the US Dollar in the week ahead will be the semiannual monetary policy testimony from Fed Chair Powell to Congress delivered on Wednesday and Thursday.
We continue to believe that building evidence of disinflation pressures will discourage the Fed from following through on current plans to deliver two more hikes and see room for the US Dollar to weaken further as the Fed becomes less hawkish.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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