The dollar sank as a result of Powell's dovish speech, in which he confirmed a 50 basis point increase in December while admitting that more effort is required to control inflation.
USD/JPY sideways consolidation is underway as traders await key events.
As the economic growth outlook worsens, can the current rally in US Treasuries extend into 2023?
Powell needs to ‘walk the hawk’ to avoid the risk of higher rate hikes down the road
The combination of lockdown worries in China and weaker-than-expected economic data in Australia may renew downside pressure on the Aussie.
Covid-19 restrictions return in China sparking fears on commodity demand, while monetary authorities try to ease financial conditions.
USD/JPY, GBP/USD, EUR/USD forecast for the week ahead
The S&P 500 and DAX 40 struggle to keep the rally going as odds for a softer Fed weaken.
Next year could be tricky one for investors if many regions fall into recession while the US outperforms
USD/CAD deviates from oil and US/CA yield spreads thus raising the risk of a bounce.
The yuan has recently gained momentum as China signals progress toward exiting the Covid-zero policy. Will the PBoC follow suit and lower interest rates?