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USD: Still torn? - Credit Agricole

Credit Agricole Research discusses the USD outlook and maintains a cautious bias in the near-term."The FOMC Minutes and the US CPI data left US yields and the USD lower. May is looking increasingly as though it could be the Fed’s last rate hike before a pause given decelerating inflation and the US banking turmoil leading to a tightening in local credit conditions. Indeed, the FOMC Minutes show that in the absence of the banking turmoil, members would have considered a 50bp hike and raised... Read More

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Agricole

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Posted: Apr 13 2023, 17:30

Author Name: forexlive

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