5min chapter

Forward Guidance cover image

“Nightmare Scenario” For The Fed | Felix Jauvin

Forward Guidance

CHAPTER

What Do You Think Happens Next?

The US dollar has peaked, the DXY has peaked, but not for any sort of good reasons and certainly not any bullish reasons. I think it's simply because of interest rate differentials and how ahead of the curve the US has been on their interest rate hiking cycle. But at the same time as we've been talking about, we could still see, and this is what we're seeing in the price action today, is we're seeing DXY down but yields up. So I think that's very different from what we've seen so far this year.

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