Laden…
ING reported that the Fed's more hawkish projections, including about 50bp of tightening expected in 2023, disrupted calm markets and lifted the dollar across G10 currencies. Markets began to expect that quantitative easing tapering could start earlier and conclude faster.
Expectations of earlier Fed tightening and tapering support the dollar, which weighs on dollar-priced commodities and can reduce foreign buying of US feed exports.
think.ing.comChris Turner, Francesco Pesole17 jun 2021Na 2.356 eerdere opwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan +0,2% over 5 sessies (60% hoger; middelste helft -0,3% tot +0,7%), en +0,4% over 20.
Na 533 eerdere neerwaarts macro-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan -0,3% over 5 sessies (33% hoger; middelste helft -1,2% tot +0,2%), en -0,5% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
ING notes the Fed's hawkish projections (about 50bp of tightening in 2023) lifted the dollar across G10, directly driving EUR/USD lower on 17 June.
ING describes the hawkish Fed projections lifting the dollar across G10 currencies, which matches the broad dollar gain.
