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G10 FX Week Ahead: A little more summertime
After a brief short squeeze on the back of the FOMC meeting, the dollar looks as though it is settling back into the kind of benign decline that allows risk assets to prosper. The domestic US highlight of the week ahead may be testimony to the House from FOMC Chair Powell on Tuesday and then again, joined by Treasury Secretary Mnuchin to the Senate on Thursday. The data calendar is quite light, but August existing home sales are expected to be strong following record low US mortgage rates. • Helping the soft dollar tone has been – and looks set to be – good appetite for EM currencies. CNY, KRW, ZAR and MXN have ... (full story)