Mitsubishi UFJ: If the Federal Reserve emphasizes inflation risks, the dollar may rise

robot
Abstract generation in progress

ME News Report, April 29 (UTC+8), Mitsubishi UFJ Financial Group bank analyst Derek Harpenny stated in a report that if the Federal Reserve acknowledges that Iran war raising energy prices could lead to rising inflation and shows a “hawkish” stance, the dollar may rise. He pointed out that this rate decision could be the last meeting during Chairman Powell’s tenure at the Federal Reserve, and he might emphasize at the press conference that risks to price stability are accumulating. This could lead to a surge in the front end of the U.S. yield curve and reinforce initial signs of improved demand for the dollar. Harpenny said that risks of euro weakening against the dollar and dollar strengthening against the yen are mounting. (Source: Jinshi)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments