Fed: Hawkish tone in Minutes to drive USD gains – Scotiabank Fed DollarIndex Banks InterestRate
USD trades narrowly mixed. Shaun Osborne, Chief FX Strategist at Scotiabank, believes that a hawkish tone in FOMC Minutes could propel the Dollar.“I’m still leaning towards the idea of the USD gaining a little ground in the near-term.” releases the Feb 1 FOMC minutes. The chances of the pace of policy tightening picking up again are low but a hawkish undertone to the minutes will bolster expectations that the Fed cycle will extend beyond 5.25% into mid-year and lift the USD.
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