Fed Preview: A clearly hawkish tone may be necessary for the Dollar to rise significantly – Scotiabank

The Dollar gives up a little, while the markets remain waiting for the FOMC. The economists of Scotiabank They analyze the prospects of the Dollar.

The first move has not always been the right one

The headlines in the currency markets may be very varied, but the first move has not always been the right one in recent policy decisions, and today may be no different.

Solar is still priced quite high for what could be a “status quo” outcome in terms of political implications for the coming months.

A clearly hawkish tone may be necessary for Solar to rise significantly. If not, markets could begin to reflect on the downside risk that the development or potential headwinds (UAW strike, government shutdown) pose to the US economy and the USD in the fourth trimester.

Source: Fx Street

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