It will be a sideways bumpy road for the USD in the coming months – Nordea
Source Fxstreet
Economists at Nordea analyze how the focus on cuts from central banks could impact the FX market.
When the Fed starts to embark on lower rates, the risk sensitive FX should start to do better against the USD
For FX, the relative rate changes on the way down will start to come into play.
When the Fed starts to embark on lower rates, the risk sensitive FX should start to do better against the USD. But we still think it will be a sideways bumpy road for the USD in the coming months with largely synchronised rate cuts for major currencies such as the USD, EUR and GBP.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As Microsoft ( MSFT) and Google ( GOOGL) sequentially delivered stellar cloud computing report cards, Amazon ( AMZN) also proved with an earnings report that far exceeded expectations tha
WTI holds losses around $82.50 on renewed US-Iran diplomatic hopesWest Texas Intermediate (WTI) oil price remains in the negative territory for the second successive day, trading around $82.60 per barrel during the Asian hours on Friday. Crude oil prices have lost ground following renewed hopes for a diplomatic solution to the US-Iran conflict.
West Texas Intermediate (WTI) oil price remains in the negative territory for the second successive day, trading around $82.60 per barrel during the Asian hours on Friday. Crude oil prices have lost ground following renewed hopes for a diplomatic solution to the US-Iran conflict.
As of the Asian session on July 30, gold prices ( XAUUSD) surged and then retraced following the Federal Reserve meeting, once falling to $4,028.62 during the session. From a market persp
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.80 during the early Asian trading hours on Thursday. WTI falls amid some profit-taking despite escalating conflicts in the Middle East.
With the FOMC rate decision looming, the US SEC Chairman's support for the CLARITY Act has a very limited impact on the crypto market.On July 29, US SEC Chairman Paul Atkins voiced suppor
Related Instrument
