BTMU FX Strategy Research notes that the recent weakness of the USD has been driven as well by dampened expectations for further Fed policy tightening, and doesn’t expect the Fed to challenge this bearish outlook at this week’s policy meeting.
“The latest FOMC statement is expected to display more caution over the pace of further policy tightening by signalling more concern over the softer inflation recorded in recent months.
The Fed is still likely to view recent softer inflation readings as driven partly by temporary factors but that view is currently being challenged,” BTMU argues.
Source: BTMU Research
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