Focus - Currency Matters October 2024

Oct 18, 2024

1 min read

The Fed started their rate cut cycle with a bang, but US economic data remains strong which is whipping expectations of how far the Fed will lower rates in this cycle around. The USD has been whipping around with it, but for choice we still look for USD weakness to extend further in this cycle. On the charts, watch the USD/JPY Y150/Y152 zone to see if JPY buyers step up ahead of the Y160+ area. Still looking for EUR/USD to break $1.1275 for a run higher, with Cable expected to break $1.35+ for $1.40 and higher in time. If you would like to read our report, contact us at info@tricio-advisors.com.

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