Crédit Agricole Corporate and Investment Bank
June 17, 2026
USD Warsh and Go
Daily UpdateFXCommoditiesRates Govt BondsEnergy
The report previews the June FOMC meeting under new Fed Chair Kevin Warsh, noting the market's expectation of a dovish tone against an already hawkish USD pricing. It also provides tactical insights on SEK and GBP amidst their respective central bank policy outlooks.
Key Takeaways
- 1.The market expects a dovish debut from new Fed Chair Kevin Warsh, though current USD pricing is already hawkish.
- 2.Riksbank expected to maintain a wait-and-see stance despite global inflation risks.
- 3.GBP trading sideways against EUR, with limited impact expected from UK CPI release.
Table of Contents
- USD: Warsh and go
- Asia overnight
- SEK: any risk of a shift?
- GBP: not much of a taster
- Introducing RMA!
- Open trade recommendations
- Key events
- FX Research advanced tools
- Red Mount Analytics
- Global Markets Research contact details
- Certification
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Authors
Valentin MarinovDavid ForresterAlexandre Dolci
Securities
EURUSDXAU/USD
Themes
Central Bank PolicyFed Leadership Transition
Regions
Asia PacificEuropeUnited StatesSwedenUK
