US Dollar Index: Corrections probably hold the 109.00/109.25 area – ING DollarIndex Banks Fed
“Following Fed Chair Powell's hawkish Jackson Hole speech a couple of weeks ago, the pricing of the Fed cycle has remained remarkably steady. The cycle is priced to peak around 3.90% next spring and soften to 3.60% by the end of the year. We suspect that year-end 2023 pricing of a cut still could be priced out as thecontinues to emphasise that policy needs to be taken into restrictive territory and to be kept there for a while.
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