Trigger warning – some non conformist view ahead… I posted three Reuters stories to the news section today as it appears to be an interesting news day. The US Dollar has weakened and according to Reuters, “the dollar index , which measures the currency against six major peers, slipped as much as 0.2% to 103.21 and was headed for a monthly loss of more than 3%, its worst performance in a year,” as expectations are that interest rates may have peaked. I wonder if that sentiment is a tad premature as inflation still seems vigorous despite the political will to minimize it. I’m not the only one who holds this sentiment as a Reuters article also included this quote – “Insofar as CPI inflation rates across much of the G10 are still above central bank targets, there is a strong incentive for policymakers to support the ‘higher for longer’ theme since higher market rates will help in the battle against inflation,” said Jane Foley, senior FX strategist at Rabobank. I’m not sure that inflation is conquered and I’m not sure that more may be required by central banks in the coming months so this Dollar weakness could turn out to… continue reading
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