
Bloomberg Surveillance
Bloomberg Surveillance TV: July 29, 2024
Jul 29, 2024
Steve Englander, the Global Head of G10 FX Research at Standard Chartered Bank, dives into Treasury Secretary Yellen's remarks about Trump’s influence on the dollar and previews the BOJ's upcoming moves. Jeannette Lowe from Strategas discusses Kamala Harris's hunt for a VP pick amidst a shifting political landscape. Meanwhile, James Camp and Zach Griffiths analyze data suggesting possible rate cuts by the Fed in September, investigating how these financial decisions could impact markets and bond trading.
24:05
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Quick takeaways
- Central bank decisions, particularly from the Federal Reserve and Bank of Japan, will significantly influence market expectations and currency trends.
- The political dynamics involving candidates like Trump and Harris are intensifying ahead of the election, affecting voter engagement and policy discussions.
Deep dives
Central Bank Decisions Anticipated
The upcoming decisions of central banks, particularly the Federal Reserve and the Bank of Japan, are set to shape market expectations. Analysts are speculating that the Bank of Japan might indicate a rate hike in September, while the Federal Reserve is expected to maintain a flexible stance on interest rates. This potential divergence in monetary policy approaches could lead to varying impacts on currency trends, particularly concerning the Japanese yen and the US dollar. The emphasis on how these banks engage with market expectations is critical as it can adjust investor sentiment and behavior in the coming weeks.
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