Central bank measures are losing the element of surprise
As the Fed holds rates steady this year, G10 currencies are expected to trade flat, says Dominic Bunning, HSBC's senior FX strategist
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The Federal Reserve will hold rates steady for the remainder of the year as room for aggressive monetary policy action is diminishing, making it harder for central banks to surprise or outdo market expectations, says Dominic Bunning, a senior FX strategist at HSBC, the winner of last week's one-month currency forecast table.
"We think the outlook is pretty challenging there. Any time you get a stronger dollar, that kind of curbs the ability of the Fed to hike. For the
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