The US Greenback (USD) is buying and selling defensively throughout main currencies, with potential to float towards the decrease finish of its June–December vary. Markets are carefully monitoring Federal Reserve (Fed) audio system Stephen Miran and John Williams for indicators on the following coverage strikes, BBH FX analysts report, BBH FX analysts report.
Fed audio system in focus in the present day
“USD is buying and selling on the defensive towards most main currencies. USD has room to edge right down to the lower-end of its June-December vary because it converges in direction of the extent implied by US-G6 price differentials.”
“Fed audio system in the present day embrace: staunch dove Fed Governor Stephen Miran and influential New York Fed President John Williams. Keep in mind, it was a dovish speech by Williams on November 21 that revived December Fed funds price minimize bets.”
