Rising US yields continue to offer more support for the USD, economists at MUFG Bank report.
Rising US yields continue to offer more support for the USD, economists at MUFG Bank report.
Long-term US yields continue to move higher
The resilience of the US economy to higher rates continues to surprise market participants and has prompted market participants to scale back expectations for rate cuts next year. Even after the recent scaling back of rate cut expectations, market participants are still expecting around 100 bps of cuts next year.
The sharper-than-expected slowdown in US inflation and lagged impact of monetary tightening are expected to create room for the Fed to make policy less restrictive in 2024. In the near term though the resilience of the US economy and higher long-term US yields are proving more support for the US Dollar
The resilience of the US economy to higher rates continues to surprise market participants and has prompted market participants to scale back expectations for rate cuts next year. Even after the recent scaling back of rate cut expectations, market participants are still expecting around 100 bps of cuts next year.
The sharper-than-expected slowdown in US inflation and lagged impact of monetary tightening are expected to create room for the Fed to make policy less restrictive in 2024. In the near term though the resilience of the US economy and higher long-term US yields are proving more support for the US Dollar
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無留言。 來發表第一則觀點吧。