Dollar will set out on a recurrent bear pattern in 2H23
For the close to term, it appears as though the Dollar can hold most of its new gains into next Wednesday’s FOMC meeting – however the arrival of the US May CPI next Tuesday will be a major market driver as well.
Our greater picture consider stays that the Dollar will set out on a recurrent bear pattern in 2H23 – likely beginning in 3Q – however the gamble is that this gets postponed.
EUR/USD is exchanging above 1.0700, as bulls save the reins for the second day on Thursday. The cash pair disregards approaching monetary worries and energetic US Depository security yields in the midst of a comprehensively more fragile US Dollar. EU information anticipated.