Ruilian Bank analyst Peter Kinsella expects the dollar to remain firm after
tonight’s Fed rate decision and incoming US data. He anticipates the Fed will
hold rates but warns of increasing dissent on the committee, with Hamak and
Logan inclined toward hikes. Kinsella projects US Q2 GDP at 2.1% and June PCE at
-0.1% MoM; he judges neither set of prints likely to prompt major market moves
and sees no near-term drivers to weaken the dollar.
