The USD is drifting lower amidst easing geopolitical tensions, while high-beta and emerging market currencies are outperforming. The market is currently focused on upcoming US CPI data and the inaugural FOMC meeting under Chairman Warsh.
Key Takeaways
- 1.The USD is drifting lower due to easing geopolitical concerns and fading bull sentiment.
- 2.Indonesian Rupiah (IDR) outperformed following a surprise 25bps rate hike by the central bank.
- 3.US inflation data (CPI) and the upcoming FOMC meeting are the primary market focus points.
Table of Contents
- Overview
- USD Drifts, High Beta FX Outperforms
- USDCAD
- EURUSD
- GBPUSD
- TODAY'S CALENDAR
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Authors
Shaun OsborneEric Theoret
Securities
US Dollar Index (DXY)
Themes
Geopolitical risk mitigationCentral bank policy divergenceEmerging market currency outperformance
Regions
GlobalUnited StatesCanadaGermany