Is the Case for Dollar Weakness Over?
From the original
Dollar weakness will resume once markets realize that the Fed isn't going to hike
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4 itemsBroad Dollar Weakness
The Dollar Outlook after the Fed
FX Daily: Dollar shrugs off oil sell-off
The desk sees the dollar's recent strength as underpinned by solid fundamentals, particularly the outlook from the Federal Reserve, despite a significant drop in oil prices. Per the full note from ing-think, tomorrow's FOMC is outlined as a pivotal point for FX markets, potentially laying the groundwork for a shift in monetary policy. Data trends show a resilience in the dollar, reversing nearly all weekend losses and reflecting a pivot away from energy prices toward central bank dynamics. This strengthens the case for dollar resilience, especially as tightening expectations gain traction from economic data rather than solely energy pricing.