%Effective Federal Funds Rate
EFFR
▼ NegativeMonetaryrelevance
Fed holds rates and Warsh's less hawkish guidance weigh on dollar, implying lower policy rate expectations.
The US Dollar index has fallen back below 100.00 following last week's FOMC meeting, according to Lee Hardman at MUFG. The Federal Reserve left rates on hold and Chair Kevin Warsh offered less hawkish guidance, weighing on the dollar.
Fed holds rates and Warsh's less hawkish guidance weigh on dollar, implying lower policy rate expectations.
Dollar weakness and less hawkish Fed guidance likely push Treasury yields down.