This daily report discusses market expectations for a busy week of US economic data and the ECB's Sintra forum. The authors maintain a preference for fading USD strength and express cautious optimism for EUR/USD recovery.
Key Takeaways
- 1.The US dollar rally shows signs of fatigue, and the firm prefers to fade new USD rallies pending key economic data.
- 2.The ECB's Sintra forum is expected to maintain a hawkish bias, with no dovish surprises expected from President Lagarde.
- 3.GBP shows resilience despite ongoing political uncertainty regarding the next Chancellor of the Exchequer.
Table of Contents
- USD: Bullish momentum can keep easing
- EUR: Sintra shouldn't deliver dovish surprises
- GBP: Very resilient
- CEE: FX pressure returns as disinflation keeps rates on hold
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Authors
Francesco PesoleFrantisek Taborsky
Securities
EURUSDDXY
Themes
DisinflationFed Policy Independence
Regions
EuropeUnited StatesPolandTurkey
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