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What Slowing Inflation Means for the Dollar
From the original
The only reason the Dollar didn't go into freefall yesterday is because we're back at war
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The desk believes that the US dollar will continue its upward trajectory, supported by recent hawkish signals from the Federal Reserve and stronger-than-expected inflation data. Per the full note from MUFG, the dollar surged 1.4% last week, its most significant gain since the onset of the Iran conflict, driven by elevated CPI and PPI numbers and rising yields. The market is adjusting to the leadership transition at the Fed, with Kevin Warsh's upcoming remarks anticipated to play a crucial role in shaping expectations around future rate hikes, reinforcing the dollar's strength against potential market headwinds.
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