Prominent Fed members came out in support of holding rates, allowing the bond market premium to keep financial conditions tight. Added safe haven appeal prop us USD
Source
US Dollar Forecast: The Fed and US Yields Sustain USD Support
access_timeOctober 18, 2024
Latest:
- PBOC Governor says 7-day reverse repo rate will be lowered by 0.2%
- PBOC has officially ramped up support for the stock market, relending facility launched
- PBOC Governor provides directions for stock buybacks
- PBOC sets USD/ CNY reference rate for today at 7.1274 (vs. estimate at 7.1267)
- PBOC says its necessary to increase support to the real economy
- PBOC is expected to set the USD/CNY reference rate at 7.1267. – Reuters estimate
- USD/JPY little changed after Japan’s September inflation data
- ICYMI – NBA forecast a Reserve Bank of Australia rate cut at the first meeting of 2025
- UBS see plenty more European Central Bank rate cuts, Dec & 2025. Euro has cyclical support
- RBC expect a cascade of European Central Bank rate cuts for the next six months+
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