Current USD levels unlikely to be fully reflecting the end of Fed rate hikes – Commerzbank DollarIndex EURUSD Fed InterestRate Banks
to levels below 1.0250 the day before yesterday seems to be over again. Economists at Commerzbank expect USD weakness to remain in place.“Slowly it is becoming clear that compared with levels at the start of the month considerable USD weakness will remain in place.”
“At the moment FX traders are likely to be torn between the continued hawkish comments by Fed members and the prospect of what the Fed will do in 2023. I therefore consider it to be unlikely that the USD levels at which the market is currently settling are already fully reflecting the end ofInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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