Economists at OCBC Bank analyze the US Dollar outlook.
Moderate-to-soft USD profile as Fed tightening goes into late cycle with an end-in-sight.
Need a more entrenched disinflation trend to reinforce the end-in-sight view and likely for the USD to trade softer. But near term, the risk of hawkish Fed and a bumpy disinflation path may well keep USD temporarily supported in the early part of the third quarter of 2023.
See: Fed cuts delayed to next year, upgraded view on the USD – ABN Amro
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