US Dollar Supported by Fed Hold and Goldilocks Macro – BBH

Elias Haddad, an analyst at Brown Brothers Harriman, sees the US dollar holding its ground in the near term. He cites a likely hawkish Federal Reserve hold at upcoming meetings and a favorable US economic backdrop as key drivers.

A "goldilocks-like" macro picture — neither too hot to force aggressive tightening nor too cold to trigger recession fears — supports the dollar, according to Haddad. The combination keeps rate differentials favorable for the greenback.