{"id":211734,"date":"2023-12-13T13:00:22","date_gmt":"2023-12-13T07:30:22","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=211734"},"modified":"2023-12-13T13:00:22","modified_gmt":"2023-12-13T07:30:22","slug":"a-fed-pushback-against-market-pricing-of-the-easing-cycle-in-2024-should-be-mildly-supportive-of-the-usd-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/a-fed-pushback-against-market-pricing-of-the-easing-cycle-in-2024-should-be-mildly-supportive-of-the-usd-ing-crypto-news\/","title":{"rendered":"A Fed pushback against market pricing of the easing cycle in 2024 should be mildly supportive of the USD \u2013 ING &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Economists at ING analyze how another Fed hold, but with pushback on rate cut prospects, could impact the FX market.<\/p>\n<h2 class=\"fxs_headline_medium\">Fed pushback could dent recent high-yield FX rally<\/h2>\n<blockquote>\n<p>A Fed pushback against market pricing of the easing cycle in 2024 should be mildly supportive of the Dollar.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Even though EUR\/USD has performed poorly through the start of December and could get some mild support a day later from the ECB, this FOMC meeting could prompt losses to the 1.0650 area.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Perhaps more vulnerable to a decent Fed pushback against lower rates might be what we call the &#8216;growth&#8217; currencies, such as the high beta currencies in Scandinavia and the commodity sector (Australian and Canadian Dollars). These currencies have had a good run through November on the lower US rate environment. However, these currencies are our top picks for next year and should meet good demand on pullbacks this month.<\/p>\n<\/blockquote>\n<blockquote>\n<p>As to the wild ride that is USD\/JPY, higher US yields could provide some temporary support. However, we doubt USD\/JPY will sustain gains above the 146\/147 area as traders re-adjust positions for a potential change in the Bank of Japan (BoJ) policy on December 19th. We suspect that USD\/JPY has peaked, however, and are happy with our call for USD\/JPY to be trading close to 135 next summer after the BoJ starts to dismantle its ultra-dovish policy in the first half of next year.<\/p>\n<p>\u00a0<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Economists at ING analyze how another Fed hold, but with pushback on rate cut prospects, could impact the FX market. Fed pushback could dent recent high-yield FX rally A Fed pushback against market pricing of the easing cycle in 2024 should be mildly supportive of the Dollar.\u00a0 Even though EUR\/USD has performed poorly through [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":33957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,459,366,255,684,250,252,247,253,249,275,256,254],"class_list":["post-211734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-fed","tag-gta","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/211734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=211734"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/211734\/revisions"}],"predecessor-version":[{"id":211735,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/211734\/revisions\/211735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/33957"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=211734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=211734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=211734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}