G10 FX Weekly: Where the Fed Goes, Its Peers Will Follow
- By Richard Jones
- 5 min read
Summary
-
- The outsized volatility in G10 rates markets from February and March has abated.
-
- Markets still price the end of the current global tightening cycle, with policy rates at or near their respective peaks.
-
- US pricing is the most dovish, with the Federal Reserve (Fed) policy rate expected to be lower by yearend.
-
- Eurozone, UK, and Swiss pricing is less dovish, with policy rates expected to be higher by yearend.
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.