03.12.2024: USD taking breather, EUR heading for parity with USD (DXY, EUR/USD, Brent, RUB)
France is on the brink of a full-blown political crisis as Prime Minister Michel Barnier is facing a vote of no confidence on Wednesday. Meanwhile, the Chinese yuan is already being sold off in anticipation of additional tariffs from the US president-elect. The US dollar, which commonly suffers seasonal weakness in December, seems ready to break the usual pattern this time.
The main catalyst for the dollar’s decline will, of course, be the Federal Reserve’s rate cut and subsequent comments from Chairman Jerome Powell. That is why statements from Federal Reserve policymakers are under intense scrutiny.
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00:00 INTRO
00:25 FRS
00:52 CME FEDWATCH TOOL FOR FUNDS RATE
01:05 USDX
01:25 DONALD TRUMP
01:44 FRANCE
02:24 EUR | USD
03:41 BRENT
04:38 USD | RUB