Aura Group sees USD index recovering by year-end, supported near 99 level - TLT News | RalliesAura Group sees USD index recovering by year-end, supported near 99 level
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TLT• China growth and oil market backdrop
- China’s growth momentum is seen “collapsing” outside tech, with fixed-asset investment down 6.7% in the first seven months.
- WTI traded around USD 85.5 amid Iran-related risk, while flows through the Strait of Hormuz capped upside.
USD index seen recovering into year-end
- The USD index is seen recovering into year-end, with support near 99.00 despite a pullback from 101.80 on June 24.
Fed hike odds rise after hawkish Jackson Hole remarks
- Aura Group flagged rising odds of a Fed rate hike at the 15-16 September FOMC meeting, now 64% from 35%.
- The call followed Chair Kevin Warsh’s hawkish Jackson Hole remarks on sticking to a 2% inflation target.
