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JP Morgan are wary of further USD strength ahead of the March FOMC meeting

JP Morgan are wary of further USD strength ahead of the March FOMC meeting

The spoiler alert for this post is that JPMorgan say:

  • "We think it is prudent to keep overall USD exposure light pre-FOMC.”

JPM cite the usual suspects for the strength of the dollar:

  • tightening labour markets
  • firm inflation
  • repricing of central bank

JPM say this is making 2023 similar to 2022, but there are key differences:

  • global growth momentum is still positive
  • slowing pace of hikes from central banks
  • Read More
Posted: Feb 28 2023, 01:16
Author Name: forexlive
Views: 112538

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