Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Chief Investment Strategist
Summary: Increasing pressure on dollar as US goldilocks continues, and focus this week primarily on Japanese yen and Gold with US CPI on the radar. JPY could extend gains if BOJ pivot hopes for March 19 meeting gather hope, especially with ‘shunto’ wage negotiations set to conclude on March 13 and early results could be available this week. GBP outperformance also faces the wages test this week.
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