USD: News and Data Flow Could well Provide Some Fresh Legs - Westpac
Richard Franulovich, Research Analyst at Westpac, suggests that the news
and data flow next week could well provide the USD with some fresh
legs.
Key Quotes
“April headline CPI for example likely to print as high as +0.4/0.5%,
the biggest monthly increase in some years thanks to higher gasoline
prices. The FOMC minutes for their late April meeting, while unlikely to
have a strong hawkish overtone, will nevertheless signal that most
members remain at least open minded toward the June option, that
external risks have dissipated and that Q1 growth weakness is mostly
transitory. The Fed is ultimately likely to stand pat in Jun but OIS
odds of zero are surely too low.”
