Dollar Strength Remains Intact as Markets Turn Their Attention to the U.S. PCE Price Index
Dollar Strength Remains Intact as Markets Turn Their Attention to the U.S. PCE Price Index Market Overview The U.S. dollar continues to dominate the foreign exchange market this week. At last week’s FOMC meeting, the Federal Reserve adopted a significantly more hawkish stance than markets had anticipated. The Fed’s Summary of Economic Projections (SEP) shifted […]
No Relief Even With a Ceasefire | A “Paranoid Market” Driven by Oil
No Relief Even With a Ceasefire | A “Paranoid Market” Driven by Oil ■ Today’s Summary Following a two-week ceasefire between the U.S. and Iran, markets briefly shifted to risk-on mode. Crude Oil: Sharp decline Equities: Rising globally FX: USD weakness → “Safe-haven dollar buying” is being unwound However: Israel continues its strikes Iran has […]
💱 Focus on U.S. PCE Price Index — Inflation Outlook in the Spotlight
💱 Focus on U.S. PCE Price Index — Inflation Outlook in the Spotlight Today marks the final trading day of August. The FX market remains directionless as conflicting factors weigh on sentiment. Dollar-negative factor: President Trump’s attempt to dismiss Fed Governor Cook revived doubts over the Fed’s independence, pressuring the dollar lower. Dollar-positive factor: U.S. […]