Mar 21, 2024
USD The dollar opens mildly weaker this morning as the Fed reaffirmed its confidence to cut rates this year, signalled through both the updated economic projections and Powell’s unchanged tone in the press conference. That said, we don’t think the dollar has much room...
Mar 20, 2024
USD The dollar’s bullish bias remained intact yesterday, even as equities firmed and 2-year Treasury yields fell from their year-to-date peak. While cross-asset conditions proved unfavourable for the dollar, the greenback was propped up by dovish developments...
Mar 19, 2024
USD Markets were allowed to drift unchecked by the economic calendar yesterday. This saw momentum in US short-term interest rate markets continue in a hawkish direction, with traders assigning just 50% odds of a June rate cut at one point in the session. While the...