The report highlights broad market consolidation across G10 currencies as participants wait for the upcoming Federal Reserve meeting. Tactical positioning remains cautious, with a focus on potential volatility surrounding Fed policy and energy price fluctuations.
Key Takeaways
- 1.Markets are broadly consolidating ahead of the upcoming Federal Reserve meeting featuring the new FOMC member Kevin Warsh.
- 2.The RBA maintains a hawkish bias despite acknowledgment of slowing growth, focusing on upcoming quarterly inflation data.
- 3.USD/CAD broke above 1.4000 due to oil price declines and caution surrounding the Fed meeting.
Table of Contents
- EUR
- GBP
- JPY
- CHF
- AUD
- CAD
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Authors
Laoise Ni Thighearnaigh
Securities
US 10-Year Treasury
Themes
Fed Policy UncertaintyGeopolitical RiskCurrency Carry Trade
Regions
GlobalEuropeAsia PacificUnited StatesJapanAustralia