USD continues to strengthen ahead of keynote speeches at Jackson Hole. Economists at MUFG Bank analyze Greenback’s outlook. Rate hike expectations cou
USD continues to strengthen ahead of keynote speeches at Jackson Hole. Economists at MUFG Bank analyze Greenback’sWe are not expecting today’s keynote speech from Fed Chair Powell to change the current trading dynamic.
Going into today’s speech from Fed Chair Powell, the US rate market is pricing in around 5 bps of hikes by the September FOMC meeting and 14 bps by November. We would not expect those expectations to change significantly today unless Chair Powell delivers a dovish surprise and formally ends the hiking cycle which appears unlikely.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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