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Economists at MUFG Bank discuss USD outlook ahead of the Federal Reserve policy meeting.
We expect the correction lower for the USD to extend further in the week ahead if the Fed skips the June meeting. However, the sell-off should prove only modest as the Fed leaves the door open to resuming hikes in July, and the ECB pares back their own hawkish policy messaging.
A surprise Fed rate hike will be required to inject renewed upward momentum in the USD and threaten an unwind of FX carry trades that have benefitting from falling FX volatility in the 1H of this year
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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