This report details the fading bullish momentum of the US dollar ahead of upcoming economic data and central bank communication. It also highlights the neutral stance of the ECB and concerns regarding potential currency intervention in the JPY.
Key Takeaways
- 1.The dollar's bullish momentum is fading ahead of US data releases and upcoming central bank speeches.
- 2.ECB President Lagarde's remarks in Sintra have been measured, leaving market rate hike expectations unchanged.
- 3.USD/JPY is trading in intervention territory, with markets wary of potential Japanese authority action.
Table of Contents
- USD: Momentum keeps fading into key data and Warsh
- EUR: Sintra unlikely to rock the euro
- JPY: Into the intervention zone
- PLN: Inflation to test dovish pricing and FX resilience
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Authors
Francesco PesoleChris TurnerFrantisek Taborsky
Securities
USDJPYEURUSDEUR/PLN
Themes
Central Bank CommunicationFX InterventionInflationary Pressures
Regions
EuropeAsia PacificUnited StatesJapanPoland
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