Weekly Fundamental US Dollar Forecast: Up, Up, and Away
The US Dollar (via the DXY Index) closed last week at its highest level in two years, and a lot of that has to do with the Federal Reserve.
Stay updated with breaking news from Weekly Fundamental. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The US Dollar (via the DXY Index) closed last week at its highest level in two years, and a lot of that has to do with the Federal Reserve.
US Treasury yields continue to rise in accordance with rapidly escalating Fed rate hike odds, underpinning US Dollar strength.
US inflation rates are pressing higher, exacerbated by Russia’s invasion of Ukraine. Will this change the Fed’s rate hike path?
But for the Russia-Ukraine conflict, the US Dollar's fundamental moorings appear to be less supportive.
Fed rate hike expectations have ratcheted higher in recent weeks. If the FOMC disappoints, the US Dollar may be in trouble.