US Dollar sinks to fresh lows – BBH
19.08.2024, 11:58

US Dollar sinks to fresh lows – BBH

US Dollar (USD) is drifting lower against all major currencies with the DXY index hitting a seven-month low. Money market expectations for an aggressive Fed easing cycle and the modest improvement in financial market risk appetite, reflected by the recovery in global equity markets, are weighing on USD, BBH FX strategisys note.

Fed platemakers ready to talk

“Fed funds futures are still pricing-in about 100bps of easing by year-end. In our view, the encouraging US macro backdrop of solid domestic demand activity and moderate disinflation suggests the Fed is unlikely to cut the funds rate as much as is currently priced-in. As such, there is room for an upward reassessment in Fed funds rate expectations in favour of USD and Treasury yields.”

 

“San Francisco Fed President Mary Daly (FOMC voter) emphasised the need for gradual interest rate cuts, pointing out the US economy is ‘not in an urgent place’ and the labor market was ‘not weak’. Daly added ‘gradualism is not weak, it’s not slow, it’s not behind, it’s just prudent’.”

 

“Today, Fed Governor Chris Waller gives welcoming remarks at a Money, Banking, Payments, and Finance workshop. But Friday’s speech by Fed Chair Jay Powell on the economic outlook at the Jackson Hole Economic Policy Symposium (Thursday to Saturday) takes the spotlight. We expect Powell to signal the Fed is prepared to begin cutting the funds rate in September and push back against any sort of pre-commitment to an aggressive easing path.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik