MUFG outlook for the Federal Reserve’s Federal Open Market Committee (FOMC) and the implications for the US dollar. in brief:
“The strong employment report increases the risk of the Fed providing a more hawkish policy update”expects the Fed to signal a delay to rate-cut plans due to inflation staying elevated … “The power of the U.S. jobs data … reinforces the risk of the Fed remaining on the sidelines for longer”
And thus for the US$:
“… increased the risk that the U.S. dollar will remain stronger for longer”
USD index, DXY, daily candles:
This article was written by Eamonn Sheridan at www.forexlive.com.
