Memuat…
Markets sold dollar positions after weaker-than-expected U.S. core inflation and China's easing of Covid restrictions. ING argues a sustained dollar downtrend is premature because the Fed pivot is not yet assured.
Fed funds futures now price only 50bp in December and a 4.95% peak rate in 2023.
Continued dollar weakness would lower the cost of dollar-priced feed imports, but uncertainty about the Fed path makes a lasting decline less certain.
think.ing.comFrancesco Pesole, Frantisek Taborsky, Chris Turner11 Nov 2022Setelah 1.637 peristiwa makro bearish sebelumnya, Dolar AS (Luas) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -0,6% sampai +0,3%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Dollar positions were sold on weak core inflation and China easing, with futures pricing a smaller Fed hike.
