Anastasiya Mileshkina
Daily Outlook

Morning brief for May 24

The USD strengthened in Tokyo morning against its major peers due to rising 10-year Treasury note yield climbing 3 basis points overnight. The news that Trump asked intelligence directors to deny any collusion between his election campaign and Russian entities is no longer fresh one. The US political wrangling has stopped pressuring the greenback. Investors are now turning their focus towards the FOMC meeting minutes which are due at 9 pm MT time. You should pay closer attention to the phrases mentioning the pace of interest rate increases and to discussions about how to wind down the Fed’s balance sheet. A June hike still looks like as a base case scenario with investors pricing it at 83.1%. If there are some doubts over further upsurge in inflation rates, the USD will be hurt.
115
Scroll to top