ING Bank N.V.
July 1, 2026
FX Daily: Warsh Should Keep the Dollar Supported
Daily UpdateFXRates Govt BondsOther
The US dollar remains supported as markets anticipate hawkish commentary from new Fed Chair Kevin Warsh. Meanwhile, the ECB is expected to maintain its tightening bias, while trade concerns weigh on the Canadian dollar.
Key Takeaways
- 1.Expect Fed Chair Kevin Warsh to maintain a hawkish tone regarding price stability, supporting the US Dollar.
- 2.The ECB is likely to maintain its hawkish tightening rhetoric at the Sintra conference despite inflation softening.
- 3.The Canadian dollar faces downside risks due to potential USMCA renegotiations and dovish Bank of Canada sentiment.
Table of Contents
- FX Daily: Warsh should keep the dollar supported
- USD: Warsh's comments should be dollar supportive
- EUR: ECB will try to hold the line at Sintra
- CAD: USMCA review poses risks
- CEE: Lower inflation in Poland increases pressure on zloty
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Authors
Chris TurnerFrantisek TaborskyFrancesco Pesole
Securities
EUR/USDUSD/CAD
Themes
Hawkish Fed PolicyInflation PersistenceTrade Agreement Uncertainty
Regions
EuropeOtherUnited StatesCanadaMexico
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