The US dollar’s rally has stalled ahead of the Oct. 31-Nov.1 FOMC meeting. Could the Fed be a catalyst for a correction in the USD? What are technicals saying?
Source
US Dollar Forecast: Could the Fed be the Catalyst for a Correction?
access_timeNovember 18, 2024
Latest:
- European Central Bank President Lagarde speaking Monday, chief economist Lane also + more
- China Securities Regulatory Commission to expand numbr of stock eligible for Stock Connect
- Goldman Sachs expects a 50bp Reserve Bank of New Zealand rate cut this month
- Bank Japan Gov Ueda – Driver of Japan’s inflation shifting towards rise in domestic wages.
- PBOC sets USD/ CNY reference rate for today at 7.1907 (vs. estimate at 7.2312)
- USD/JPY volatile on Bank of Japan Governor Ueda speech
- PBOC is expected to set the USD/CNY reference rate at 7.2312 – Reuters estimate
- Heads up for Asia central bank speakers Monday, November 18 – BoJ Gov Ueda, RBA’s Kent
- BlackRock CIO predicts 25bp FOMC interest rate cut in December, & 2 or more in 2025
- MUFG wary of an European Central Bank rate cut slowdown – EUR supportive
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