Next Week: Six G-10 Central Banks Meet, But Only Two Move--BOE Cuts and BOJ Hikes north Encouraged by the Federal Reserve's rate cut and its T-bill purchases, the dollar was sold. The Dollar Index fell for the fourth week in the past five. Leaving aside the Bank of England, which will most likely cut rates in the week ahead, the easing cycle of most of the other G10 central banks [...]
Dollar Remains on the Defensive after the FOMC north (Last daily of the year. Weekly will be posted on Saturday, December 13. January monthly will drop on January 3.)Overview: The dollar was sold in response to yesterday's FOMC decision. There has been limited follow-through selling in Asia and Europe today. The greenback is mixed as North [...]
Fed Day with 10-year Yield at a Three-Month High north Overview: The outcome of the FOMC meeting is the main focus today. With the market discounting at least two cuts next year compared with the median projection in September that one cut would be appropriate, it is difficult not to anticipate a hawkish cut. The greenback has rallied after both [...]
Hawkish Hold by the RBA; Will the Fed Deliver a Hawkish Cut Tomorrow? north Overview: The US dollar is sporting a slightly softer profile against the G10 currencies today. The exception is the yen, which is trading at a seven-day low against the greenback. The Scandis and Australian dollar are doing best. The Reserve Bank of Australia delivered a hawkish hold. [...]