The recent strong job numbers and undoubtedly discouraging inflation data are tempting the Fed to hold rates at current level for longer. Market conditions manifest a delay in the rate cut narrative.The present market indications suggest a 1% reduction by June, signaling a gradual return to normalcy.
We anticipate the USD to uphold its prevailing status in the forthcoming months. In the near term, it's vital to keep an eye on the dollar index at 105; exceeding this threshold would spur momentum, potentially reaching levels observed in September 2023 at around 107 and possibly nearing 110.
Featured in this podcast:
Gavin Kannee - Senior FX Trader
Jolene Li Sing How - FX Trader
Terry Lalljee - Trainee Beyond Graduate
The recent strong job numbers and undoubtedly discouraging inflation data are tempting the Fed to hold rates at current level for longer. Market conditions manifest a delay in the rate cut narrative.The present market indications suggest a 1% reduction by June, signaling a gradual return to normalcy.
We anticipate the USD to uphold its prevailing status in the forthcoming months. In the near term, it's vital to keep an eye on the dollar index at 105; exceeding this threshold would spur momentum, potentially reaching levels observed in September 2023 at around 107 and possibly nearing 110.
Featured in this podcast:
Gavin Kannee - Senior FX Trader
Jolene Li Sing How - FX Trader
Terry Lalljee - Trainee Beyond Graduate