The US dollar (USD)is biding time ahead of next week’s FOMC monetary policy decision where it is expected that Chair Jerome Powell will indicate that interest rate cuts are coming with the July meeting the most likely starting point.
The Euro may come under pressure as the ECB Forum drafts a dovish policy path while EU bigwigs pick its next President with an eye on that vision’s execution.
The Australian Dollar faces too many headwinds for anything other than bearishness now, even if the Fed may take some attention away from it in the coming week.
The Bank of England (BoE) meeting on June 20 may shake up the near-term outlook for the British Pound if the central bank alters the forward guidance for monetary policy.
The Euro put in for a notable retreat through the second half of last week, but its reversal is not as intense as EURUSD may insinuate. Will momentum spread in the week ahead?
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