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Nov 17 - 10:55 AM

USD: 2-Way Price Action For USD Is Back After Sharp Sell-Off - MUFG

By eFXdata  —  Nov 17 - 10:30 AM

MUFG Research discusses the USD outlook and sees a scope for a 2-way risk in the near-term.

"There has been some disappointment for market participants hoping for a bigger dovish shift in the Fed’s policy stance at the current juncture. It followed the release of the much stronger than expected US retail sales report for October...A more resilient US economy will keep pressure on the Fed to keep tightening policy unless inflation falls back more quickly than expected," MUFG notes. 

"Overall the developments are helping to restore more two-way price action for the US dollar after the sharp sell-off in recent week," MUFG adds. 

Source:
MUFG Research/Market Commentary

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