As the expectation is growing that the US Fed may end the rate hike cycle as early as its March meeting, the dollar will become susceptible to any weak US data.
Most people in the market see the BOJ scrapping the quantitative easing policy at its board meeting on April 28 as a done deal.
The dollar has rebounded a bit, but the momentum is not necessarily strong.
Unless the statement offers fresh indications that the US Fed will continue its rate hikes going forward, the current rebound will come to an end sooner rather than later.
We believe that the US Fed will make its final rate hike in the current cycle at the Jan 31 FOMC meeting.
With the US new home sales proving to be a positive surprise, traders who are still holding short dollar positions are likely to continue adjusting their positions this week.
Yields rose to a level attractive for many investors and they should think about buying.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.