-
AU
- Australia - English
- België - Nederlands
- Belgique - Français
- Canada - English
- Česká Republika - Čeština
- Deutschland - Deutsch
- España - Español
- France - Français
- Ελλάδα - Ελληνικά
- Hong Kong - English
- Italia - Italiano
- Luxembourg - English
- Nederland - Nederlands
- Polska - Polski
- Portugal - Português
- România - Română
- Schweiz - Deutsch
- Suisse - Français
- United Arab Emirates - English
- United Kingdom - English
- Hong Kong-Traditional Chinese
Ebury London
100 Victoria Street
London
SW1E 5JL
+44 (0) 20 3872 6670
[email protected]
Ebury.com
US dollar rides the Fed’s wave
- Go back to blog home
- Latest
9 January 2023
US dollar rides the Fed’s wave.
Trading volumes are still quite low, but likely to pick up in coming weeks.
James Swerling from Ebury says the US dollar has been moving with the Fed; initially up on the hopes that they were almost done hiking rates, and now cooling off on jobs data. Jobless data is at a three month low in the US, and James says ADP numbers have underestimated the actual result in each of the last four months. He says daily volatility on AUDUSD has been highly elevated but it has travelled in only a 3 cent range since November 11th. When a tight range forms like this, James says a catalyst can see it break sharply out of the range to the tune of 3-4 cents.
Watch full video here.