Daniel Katzive
Daniel Katzive
continues cycle dollar economies exposed fed key leave policy second structural suspect
We suspect that the end of the Fed tightening cycle as policy tightening continues in the key low-yield economies will leave the dollar increasingly exposed to structural vulnerabilities in the second quarter.
continued dollar fed markets price reason staying strong
The reason the dollar is staying strong is because markets have continued to price in more Fed tightening.
amount currency downside fair fed remains surprises upside vulnerable
Moreover, with a fair amount of Fed tightening now priced in, the US currency remains more vulnerable to downside surprises than upside surprises.
average earnings fed growth headlines solid strength
Friday's solid US payrolls headlines and strength in average earnings growth have boosted Fed tightening expectations further.