The USD made full recovery pretty much across the board in G10 yesterday, post-FOMC volatility. Illiquid markets coupled with a recovery in short dated US yields helped support the continuation of USD strength. It is rel…
The USD made full recovery pretty much across the board in G10 yesterday, post-FOMC volatility.
Illiquid markets coupled with a recovery in short dated US yields helped support the continuation of USD strength.
It is relatively light on the US data calendar today, but with the FOMC showing some concern about the recent weaker-than-expected data and the strength of the dollar potentially weighing on exports and inflation.
Lloyds Bank says...
Fed speakers Lockhart and Evans will be closely watched today as the market looks for more insight into the likely timing of the first rate hike.
We expect the USD to be vulnerable to dovish comments
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