December 18, 2024 19:06 GMT
USD: Hawkish Fed Projections Promps Immediate Greenback Strength
USD
- Immediate strength in the dollar on the back of the hawkish dissent and more hawkish set of projections within the SEP. EURUSD down to 1.0430 lows from around 1.0490 prior and USDJPY comfortably back above the 154.00 handle and closing in on recovery highs.
- Above here for USDJPY, sights are on 154.84, a Fibonacci retracement, with both the presser and BOJ meeting ahead.
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