Key Points:
Political and Policy Concerns:Stalled fiscal stimulus talks in Congress and Fed commentary on stagflation risks have amplified worries over the macro backdrop and reinforced the USD’s vulnerability to risk sentiment.
Structural USD Support Intact:Despite near-term volatility, global demand for USD assets remains resilient, which should cap USD downside, especially against currencies from economies with weaker fundamentals or lower yields.
While the USD is under pressure from equity and bond market jitters, Credit Agricole sees this as a tactical adjustment rather than a structural shift. The market is not pricing in a systemic credibility shock like the UK faced in 2022, and the USD’s reserve status should limit sustained underperformance.
For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here.
This article was written by Adam Button at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Credit Agricole: The return of USD 'frown'; is a 'Truss Moment' inevitable? )
Also on site :
- The Unbelievable Way Kourtney Kardashian and Travis Barker Celebrated 3rd Wedding Anniversary: Source (Exclusive Video)
- Billy Joel Reveals Major Health Diagnosis After Canceling Entire Tour
- A-list pop star was American Idol’s ‘top pick’ before Carrie Underwood but her ‘ridiculous’ salary demand squashed deal