USD remains under downside pressure – BBH
US Dollar (USD) pared back some of Friday’s loss due to Japanese Yen (JPY) weakness. Versus other major currencies, USD remains under downside pressure, BBH FX analysts report.

US Dollar (USD) pared back some of Friday’s loss due to Japanese Yen (JPY) weakness. Versus other major currencies, USD remains under downside pressure, BBH FX analysts report.

Fed to prioritize maximum employment over price stability

"We expect the Fed to prioritize maximum employment over price stability within its dual mandate given that monetary policy is moderately restrictive."

"As such, a more dovish Fed policy stance can drag USD lower and underpin the rally in risk assets. The steeper pullback in US labor demand in August lifted odds of a September Fed funds rate cut from zero to as much as 20% before stabilizing at currently 12%."

"The August New York Fed consumer survey of inflation expectations is today’s highlight. US inflation expectations are anchored and leaves room for the Fed to ease policy."

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Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

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