Risk of the Fed remaining “on the sidelines for longer” and so USD “stronger for longer”

June 10, 2024
-FCHFX

June 10, 2024 at 10:27PM
MUFG outlook for the Federal Reserve’s Federal Open Market Committee (FOMC) and the implications for the US dollar. in brief:

“The strong employment report increases the risk of the Fed providing a more hawkish policy update”

expects the Fed to signal a delay to rate-cut plans due to inflation staying elevated … “The power of the U.S. jobs data … reinforces the risk of the Fed remaining on the sidelines for longer”

And thus for the US$:

“… increased the risk that the U.S. dollar will remain stronger for longer”

USD index, DXY, daily candles:

This article was written by Eamonn Sheridan at www.forexlive.com.

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