Fed: A hawkish-sounding Powell could prompt a squeeze higher in the USD – Scotiabank Fed DollarIndex Banks InterestRate
“If a 1/4-point hike is more or less fully priced in, a hawkish-sounding Fed Chair Powell is perhaps not and could prompt a squeeze higher in the USD.”
“A lot needs to come together to lift the USD – a plausibly hawkish FOMC statement/Powell press conference primarily – but odds may be tilting towards a mini-squeeze higher in the USD in the short run.”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.
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