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Week ahead in FX — #SaxoStrats
Saxo Bank’s head of FX strategy John Hardy outlines the key events we can expect in forex next week.
Main focus points:
- Global bond yield surges higher resulting in a stronger dollar and a weaker yen. Bank of Japan's yield curve control policy goes against yen's favour.
- US data key as we look towards a potential rate hike.
- It is hard to judge if the market is willing to commit capital to trades ahead of US presidential election.
- Commodity dollars and EM currencies could be weakest against US dollar.
- Bank of England meeting is the most anticipated. Rate cut may be off the table because of recent inflation data.
02:06 minutes
Tags: bank of england, bank of japan, bond yields, central banks, currency, fed, federal reserve, forex, fx, john hardy, saxo bank, saxo tv, saxobank, tradingfloor.com, usdjpy, week ahead, yields
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