USD to extend its correction amid divergence between Fed and market expectations – Commerzbank DollarIndex Banks UnitedStates Fed
US Dollar struggles. In the view of economists at Commerzbank, USD weakness might not have run its course yet.“The more notable the economic slowdown becomes, the more the market is therefore likely to feel confirmed in its view that the Fed will eventually waver. In particular as disagreement about the size of the next rate step is already emerging amongst Fed members.”
“I expect that the USD correction will only come to an end if the divergence between Fed and market expectations as regards the development of interestInformation 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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar is denied more significant gains, upside pressure in EUR/USD to dominate – CommerzbankThe market has already lowered its expectations for the February FOMC meeting and now only expects a 25 bps rate hike. Economists at Commerzbank note
Read more »
USD/CAD: Weak Canadian inflation to put selling pressure on the Loonie – CommerzbankToday's focus will be on Canadian Consumer Price Index (CPI) report. Weak figures could weigh on the Loonie, but losses should be limited, economists
Read more »
Gold Price Forecast: Sustainability of the current XAU/USD upswing is uncertain – CommerzbankGold price climbed to $1,930 at the start of the week, thereby reaching its highest level since the end of April 2022. Nonetheless, economists at Comm
Read more »
Stable to lower USD/INR in 2023, seen at 81.50 by year-end – CommerzbankIndian Rupee was the second worst performer vs USD in 2022, behind only the Yen. Economists at Commerzbank look for a stable to slightly firmer INR in
Read more »
EUR/USD to abandon levels above 1.0850 for now – CommerzbankRumours about the ECB’s medium-term course were making the rounds on the market yesterday: Following 50 bps in February the ECB was considering a 25 b
Read more »
USD/CAD: A surprisingly hawkish BoC might provide further support to Loonie – CommerzbankCanadian Consumer Price Index (CPI) growth slowed further in December. Loonie rose after the data. A hawkish Bank of Canada next week could provide fu
Read more »