This report provides a G10 FX outlook centered on the upcoming FOMC meeting under new leadership and geopolitical de-escalation in the Middle East. The author maintains a cautious stance on USD, noting specific short-term opportunities in CAD and EUR.
Key Takeaways
- 1.Focus is on Kevin Warsh's first Fed meeting with uncertainty regarding policy direction and forward guidance.
- 2.The G10 FX outlook is shaped by Middle East de-escalation rumors and potential impacts on oil prices and pro-cyclical currencies.
- 3.CAD is highlighted as a preferred G10 short amid weakening oil prices.
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Authors
Laoise Ni Thighearnaigh
Securities
EURNOKEURGBP
Themes
Central Bank PolicyGeopolitical De-escalationG10 FX Volatility
Regions
Middle EastGlobalUnited StatesUKJapan