US Dollar: Strong US data may reinforce Fed hawkishness – BBH Brown Brothers Harriman’s Elias Haddad notes the Dollar has partly recovered after the FOMC kept the Fed funds range at 3.75–4.00% in a 10–2 vote, with dissenters favoring a hike.
Warsh’s press conference signaled little urgency to tighten, yet December odds remain high
Upcoming US PCE and GDP data will gauge the Fed’s scope to stay patient and sustain USD-supportive rate