Macro: Sandcastle economics
Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.
Head of FX Strategy
Summary: A confirmation of the Fed pivot by Chair Powell could underpin a bearish dollar environment into the end of the year, with seasonality supporting the risk on move as well despite some pushback from other Fed members. Bank of Japan is a key event risk ahead, but markets will likely get quieter after that before 2024 could bring back a reality check on soft landing hopes and delayed pivots from ECB and BOE.
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