US Dollar can edge higher – BBH
Source Fxstreet
The US Dollar (USD) pared back some of its recent solid gains. Economists at BBH analyze Greenback’s outlook.
The US economic growth outlook is encouraging
USD can edge higher because we don’t expect the Fed will deliver 75 bps of rate cuts this year.
The US economic growth outlook is encouraging, financial market conditions are very loose, and the February PCE deflator is expected to remain too sticky for the Fed to cut any time soon.
Interestingly, Atlanta Fed President Raphael Bostic (2024 voter) pointed out on Friday he now projects just one interest rate cut ‘later in the year’, instead of two, as he’s less confident on the trajectory of US inflation.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
U.S. President Donald Trump has claimed that the "Trump Account (530A)" could potentially include Bitcoin. Is this merely a political talk show, or is it a realistic possibility for the f
As of the Asian session on July 7, gold prices ( XAUUSD) fluctuated and weakened near $4,140. From a technical perspective, gold prices rebounded for four consecutive trading days and tou
Silver Price Forecast: XAG/USD rally stalls, sellers eye $60.00Silver price retreats by over 1% on Monday, even as the Greenback and US Treasury yields edge lower, with the white metal threatening to drop below $60 for the first time this week. At the time of writing, the XAG/USD trades at $61.80, after peaking at around $63.28 earlier during the day,
Silver price retreats by over 1% on Monday, even as the Greenback and US Treasury yields edge lower, with the white metal threatening to drop below $60 for the first time this week. At the time of writing, the XAG/USD trades at $61.80, after peaking at around $63.28 earlier during the day,
Gold price (XAU/USD) is down 0.8% to near $4,140 during the European trading session on Monday. The precious metal faces selling pressure as the three-day rally hits a pause after failing to extend above $4,202.
WTI Crude Oil Price Forecast: OPEC Production Increase Combined With Hormuz Strait Navigation May Drag Prices Down to $60.As of the Asian session on July 6, WTI ( USOIL) crude oil prices extended last Friday's rebound during intraday trading, peaking at $69.26 before consolidating around $68.60. From a techn
As of the Asian session on July 6, WTI ( USOIL) crude oil prices extended last Friday's rebound during intraday trading, peaking at $69.26 before consolidating around $68.60. From a techn
Related Instrument
