Weekly Review Contrary to many predictions (mine included), the USD maintained its strength throughout the week starting Monday 22 September. The USD has been on the front foot since the FOMC meeting. Even though rate cuts are coming, it won't be as fast paced as the market priced in a
Weekly Review. The week starting Monday 15 September was a week of two halves for the USD. Sentiment for the dollar has been growing more and more subdued in anticipation of a faster pace of rate cuts. And USD selling continued during Monday and Tuesday, in anticipation of a 'dovish'
USD post FOMC strength to 'peter out'? It was a very interesting FOMC meeting. during the build up to the event, the market was particularly exuberant pricing in at least 3 cuts before year end. So, it was no surprise the market ended up a little disappointed with chair POWELL'S narrative. The USD initially weakened
Weekly Review. A term I heard a lot during the week starting Monday 8 September was "The rate cut rally". Only a few weeks ago, it was widely expected the FED would cut rates one more time before year end, if it wasn't going to be one cut,
