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_timeDecember 22, 2024
Latest:
- ECB’s Vujcic says the Bank’s “direction is clear … further reduction of interest rates”
- Market Recap: U.S. stock indices rise today, but close with weekly losses
- Fed vice chair for supervision is worried that Trump will try to remove him – report
- USDCHF reaches its 200 hour MA and swing area target
- EURUSD testing the 100 hour MA and near a key swing area
- GBPUSD breaks higher. The next key target area between 1.2596 and 1.26147
- Fed’s Goolsby: Nice to get inflation number that better than expected
- The USDCHF has fallen below the 100H MA, trendline support and swing area support @ 0.8956
- Fed’s Hammack: Rate cut was a ‘close call’ and she favored holding policy steady
- Fed’s Williams: Inflation data since Sept has been ‘a touch higher’
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