US CPI and FOMC meeting could trigger a USD short squeeze heading into year end – MUFG DollarIndex CPI Fed UnitedStates Banks
report and final FOMC meeting of this year. Economists at MUFG Bank highlight the risk of USD short squeeze in week ahead. “Market participants are anticipating further confirmation that underlying inflation pressures are beginning to ease from an elevated starting point, which if confirmed should keep the USD on a softer footing heading into year end.
signals that the policy rate will need to be raised to a higher peak above 5.0% in 2023 and remain higher for longer in 2024 posing upside risks for the 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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