The US Dollar (USD) started off December pretty much like it finished November—on the up—despite typically unfavourable trends for the USD overall in the December month, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Waller says he’s leaning towards a December cut
“I noted yesterday that weak seasonality for the DXY was reflected in an average return of just over –1% for the month over the past 25 years. Trading so far today sees the USD edging a little lower against most of its major currency peers, however, with dovish Fed comments yesterday (Governor Waller stating that he was ‘leaning’ towards a rate cut later this month) weighing on USD sentiment. Swaps moved to price in a little more easing risk for the December 18th meeting following those remarks (18bps of cuts priced into the December contract this morning).”
“Currency gains are limited, however; the EUR is edging towards the top of the overnight performance table, with a 0.2% gain on the USD. The JPY is underperforming and is down 0.3%. Asian and European (including French) stocks are modestly higher but US equity futures are fractionally in the red. Global bonds are mostly lower (except French OATs which are outperforming marginally).”
04 Dec 2024, 13:17 を編集しました
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。