U.S. Dollar rally not slowing down in June?

www.investing.com/analysis/us-dollar-rally-not-slowing-down-in-june-200638737

By Daniela Hathorn | Jun 05, 2023 12:09PM ET

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The US dollar has continued its bullish trend in recent weeks, as markets focus on what the Fed is going to decide on their next meeting in a couple of weeks.

Some board members, Raphael Bostic and Neel Kashkari, have indicated that "skipping" a hike will be their preference, while others, like Loretta Mester and James Bullard believe the bank should continue hiking rates since inflation is getting sticky and difficult to dispose of.

On Friday, the US Bureau of Labour Statistics (BLS) also reported that Nonfarm Payrolls rose by 339,000, hugely surpassing the market expectation of 190,000 and potentially increasing pressure for the Fed to hike interest rates again.

Here's our anaylsis of what might happen with the dollar this month.

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Central Banks

Interest Rates

Next Meeting

FED

5.50%

Nov 01, 2023

ECB

4.50%

Oct 26, 2023

BOE

5.25%

Nov 02, 2023

SNB

1.75%

Dec 14, 2023

RBA

4.10%

Oct 03, 2023

BOC

5.00%

Oct 25, 2023

RBNZ

5.50%

Oct 04, 2023

BOJ

-0.10%

Oct 31, 2023

CBR

13.00%

Oct 27, 2023

RBI

6.50%

Oct 06, 2023

PBOC

3.45%

BCB

12.75%

Nov 01, 2023

US 30	33,432.1	-75.4	-0.23%
US 500	4,290.9	+2.9	+0.07%
Dow Jones	33,433.35	-74.15	-0.22%
S&P 500	4,288.39	+0.34	+0.01%
Nasdaq	13,307.77	+88.45	+0.67%
S&P 500 VIX	17.61	+0.09	+0.51%
Dollar Index	106.730	+0.915	+0.86%

Crude Oil WTI	88.62	-2.17	-2.39%
Brent Oil	90.50	+0.08	+0.09%
Natural Gas	2.841	-0.088	-3.00%
Gold	1,844.60	+0.60	+0.03%
Silver	21.240	+0.002	+0.01%
Copper	3.6460	-0.0003	-0.01%
US Soybeans	1,276.50	+2.50	+0.20%

U.S. 10Y	4.687	+0.111	+2.43%
U.S. 30Y	4.796	+0.087	+1.84%
U.S. 5Y	4.714	+0.110	+2.38%
U.S. 3M	5.471	-0.006	-0.11%
US 10Y T-Note	107.36	-0.70	-0.65%
Euro Bund	127.72	-0.73	-0.57%
10-2 Yield Spread	-47.46	+1.30	+-2.67%

Apple	173.75	+2.54	+1.48%
Alphabet A	134.17	+3.31	+2.53%
Tesla	251.60	+1.38	+0.55%
Amazon.com	129.46	+2.34	+1.84%
Netflix	380.33	+2.73	+0.72%
Meta Platforms	306.82	+6.61	+2.20%
Bank of America	26.70	-0.68	-2.48%

U.S. Dollar rally not slowing down in June?

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