The two main macroeconomic events of the US yesterday (the FOMC and the ICT data) left very few brands in the FX. The markets, understandably, are assigning a limited value to the projections of the points graph given the high uncertainty about the impact of tariffs and the recent volatility of oil. And although maintaining two rate cuts in the median projection of 2025 may seem moderately Dovish, the Fed sounded less concerned about growth and unemployment, says the FX analyst of ING, Francesco Pesole.
The up risks for the USD persist
“Just after the Fed announcement, the ICT data showed that the reduction of foreign holdings of the US Treasury Bond Delarization remains significant, and at least another month of ICT data is needed to obtain a clearer image. ”
“However, the dollar probably dodged a bullet with the figures yesterday, and the lack of conclusive evidence on the exodus of foreigners of the treasure bonds can cause the markets Iran, perhaps as soon as this weekend. ”
“The entire base of the high risk premium of the USD was the issue of the self -inflicted damage of the US; environment.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
