The Dollar is continuing to trade close to recent highs after regaining upward momentum at the end of last week. Economists at MUFG Bank analyze Green
The main downside risk for the USD would be if the Fed scraps plans for one more hikeMarket attention will mainly focus on the Fed’s updated economic projections and forward guidance. We expect the updated projections to include a significant upward revision to the US GDP forecast for this year while the core inflation forecast will be lowered.
We still believe that upward momentum continues to favour further USD upside in the near-term while the US economy is outperforming.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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