Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Chief Investment Strategist
Summary: US dollar extended its bearish momentum but is now looking oversold. EUR bearish trend may however have room for a catch-up as ECB pricing is slipping dovish and EUR crosses against JPY, CHF, AUD, NZD could have room to adjust. Focus turns to RBA meeting this week where a hawkish hold could propel AUD further, and US jobs reports that could further weigh on USD.