USD Weakness as Demand for Dollars Slow

USD Weakness as Demand for Dollars Slow

Last week was a volatile one as slowing inflation and further reduction in upward price pressure came through in the data. CPI and PPI both came in lower which sent both yields and the US Dollar lower. The Fed rate decision is incoming, and a further continuation of...
USD Weakness as Demand for Dollars Slow

Further Rate Rises on The Horizon

Last week we saw sentiment move more and more towards further rate rises for the Fed with the phrase “Higher for Longer” being touted. The US job market remains hugely resilient with this week’s CPI print being hugely important for forward guidance. The US...
USD Weakness as Demand for Dollars Slow

Week of Consolidation

Last week we had a week of consolidation post recent central bank announcements. Continued hawkish rhetoric from both the Fed and the ECB came out through the week stating the fight against inflation continues but how much more tightening monetary policy can the...
USD Weakness as Demand for Dollars Slow

Central Bank Action Continues to Dominate

Our previous report had the Fed dominating the week. Last week it was the turn of the BoE and Norges Bank who both surprised by raising base rates 50bps. Inflation remains stubbornly high in the UK and the latest PMI surprise pushed the possibility of 50bps rate rise...
USD Weakness as Demand for Dollars Slow

Hawkish Hold Send Dollar Lower

Last week we were dominated by the Fed which held rates mid-week. However, despite the hold the tone was a hawkish hold with a further 2 rate rises expected with fed funds looking to peak around 5.6% vs the original expectation of 5.1%. The Dollar fell as the markets...