FX Daily: Kevin Warsh and the FOMC Outlook (17 June 2026)

Key Takeaways

• 1.The FOMC meeting is a critical test for USD, with the dollar's resilience increasingly dependent on Fed hike expectations.
• 2.Softer oil prices following the US-Iran peace deal introduce downside risks for the dollar.
• 3.The Riksbank is expected to hold rates at 1.75% with a neutral to mildly negative impact on SEK.

Table of Contents

• FX Daily: Kevin Warsh holds the keys to dollar resilience
• USD: Downside risks, but we expect Warsh to deliver
• EUR: Aiming for stabilisation
• SEK: Riksbank's hawkish room remains limited
• CEE: Market overshoots outpricing rate hikes

Report data

New Fed Chair Kevin Warsh

Reports in this series

FX Daily is shown in chronological order through this edition, published on June 17, 2026.

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