{"id":335795,"date":"2024-07-02T17:24:10","date_gmt":"2024-07-02T11:54:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=335795"},"modified":"2024-07-02T17:27:04","modified_gmt":"2024-07-02T11:57:04","slug":"us-economic-activity-is-a-usd-headwind-bbh-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/us-economic-activity-is-a-usd-headwind-bbh-crypto-news\/","title":{"rendered":"US economic activity is a USD headwind \u2013 BBH &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>The US Dollar (USD) is firmer across the board and the US yield curve (10 minus 2-year Treasury yields) steepened, BBH strategists note.<\/p>\n<h2 class=\"fxs_headline_medium\">USD remains bullish in short term<\/h2>\n<p>\u201cThe narrative is financial markets are positioning for a Trump win ahead of the November 5 election. Donald Trump plans to slash taxes and raise import tariffs if elected. This combination is inflationary and could force the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\">Federal Reserve<\/a> (Fed) to keep policy restrictive for longer.\u201d<\/p>\n<p>\u201cA loose fiscal\/tight monetary policy mix is generally positive for a currency and supports higher bond yields. Additionally, expansionary fiscal policy if not accompanied by stronger growth could worsen the US fiscal backdrop and raise the term premium on longer term Treasury yields.\u201d<\/p>\n<p>\u201cWe remain cyclically bullish on USD, but in the near-term softer US economic activity is a USD headwind.\u201d\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar (USD) is firmer across the board and the US yield curve (10 minus 2-year Treasury yields) steepened, BBH strategists note. USD remains bullish in short term \u201cThe narrative is financial markets are positioning for a Trump win ahead of the November 5 election. Donald Trump plans to slash taxes and raise import [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,459,366,255,250,252,247,253,249,334,256,254],"class_list":["post-335795","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-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-unitedstates","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/335795","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=335795"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/335795\/revisions"}],"predecessor-version":[{"id":335796,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/335795\/revisions\/335796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5738"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=335795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=335795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=335795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}