Nomura on what have been the critical trigger for US dollar moves

Author: Eamonn Sheridan | Category: Central Banks

Comments from Nomura on the USD (via Bloomberg report) 

  • US rate markets have returned to pricing in a (small) probability of a Federal Reserve hike
  • global growth expectations have risen - assisted other currencies to gain against the USD
  • And, "the dollar has been too strong relative to interest rates for a while now" 
  • Fed communications "have been the critical triggers for dollar moves" 
  • (bolding mine) 
Fed communications …. sheesh … they've been a bit messy for sure. 

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