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ING, Institutional
US Dollar: Warsh speech keeps markets cautious – ING
ING strategist Francesco Pesole sees recent United States (US) Personal Consumption Expenditures (PCE) Price Index data as consistent with disinflation but too gradual to force Federal Reserve (Fed) hikes this year. Pesole still expects the Fed to hold rates on 16 September and anticipate a weaker Dollar, but warns that hawkish market pricing and Kevin Warsh’s Jackson Hole speech […]
by Currency Hedger
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- 2 months ago
ING, Institutional
US Dollar: Bond market supports cautious consolidation – ING
ING’s Francesco Pesole notes the Dollar is drawing support from the US bond market as long-dated yields stabilise, while US-Canada trade tensions and Iran-related sanctions risks complicate the outlook. He argues renewed US-China trade frictions could hurt the Dollar, and sees downside risks dominating, although USD is expected to consolidate into the upcoming Jackson Hole […]
by Currency Hedger
- 0 Comments
- 2 months ago
ING, Institutional
Canadian Dollar: Trade conflict keeps downside risks alive against US Dollar – ING
ING’s Francesco Pesole highlights escalating US-Canada trade tensions, with new US tariffs on Canadian autos and parts announced for early next year. He notes both sides remain entrenched in conflict territory and argues the recent rebound in USD/CAD has room to extend beyond 1.390, as trade risks and broader Dollar dynamics continue to influence the […]
by Currency Hedger
- 0 Comments
- 2 months ago
ING, Institutional
US Dollar: Policy risks keep downside bias – ING
ING’s Chris Turner, Francesco Pesole and Frantisek Taborsky note the Dollar starts the week soft as markets await US policy signals from the White House. Sanctions on Iran, renewed US-Canada trade tensions and possible fiscal consolidation are in focus, alongside US core PCE and Kevin Warsh’s Jackson Hole speech. They see scope for further Dollar […]
by Currency Hedger
- 0 Comments
- 2 months ago