The dollar has dropped alongside yields and US economic data as markets look forward to rate cuts in 2024. USD catalysts return after the holiday affected trading week
Source
US Dollar Forecast: Growth and Inflation to Extend the USD Sell-off?
access_timeMay 13, 2024
Latest:
- This week brings the “most crucial CPI reading of 2024”, a “mini Super Bowl”
- Reserve Bank of New Zealand Q2 2-year Inflation Expectations 2.3% (prior 2.5%)
- Federal Reserve speakers coming up on Monday include Mester and Jefferson
- China to sell 20, 30 and 50 year Treasury bonds
- China’s “weekend’s data add to the probability of a surprise rate cut”
- Australia’s budget (due Tuesday) will assume inflation to return to 2 to 3% by end 2024
- PBOC sets USD/ CNY reference rate for today at 7.1030 (vs. estimate at 7.2284)
- Japan’s Kato says its natural that monetary policy will revert to positive interest rates
- USD/JPY sitting just below 156.00, Japan PM said on Friday he’s closely monitoring the yen
- PBOC is expected to set the USD/CNY reference rate at 7.2284 – Reuters estimate
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