This report provides a comprehensive analysis of the current market fundamentals affecting the US dollar , examining fiscal policy, economic indicators, and monetary policy developments. It delves into the factors that have influenced USD movements over the past five months and five weeks, and assesses the potential influences on the currency in the coming five months and five weeks. The report concludes with a summary of key findings and a list of referenced sources.
The Fed emphasised that this decision was primarily for operational reasons, ensuring a smooth transition from abundant to ample reserve balances and does not signal a change in the ultimate size of the balance sheet. Over the past five months, the Fed's monetary policy has evolved from a focus on aggressive rate hikes to a more cautious approach. The shift is evident in the unchanged interest rate in May, following consecutive increases in the previous meetings.
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