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fxJun 9, 2026, 9:22 AM

OCBC: Dollar Rangebound with Upside Risks, No Fed Easing Through 2026

OCBC's FX strategist Sim Moh Siong says the US Dollar is consolidating after payroll-driven gains, with the bank now expecting no Fed rate cuts through 2026 and elevated 10-year yields.

USD

OCBC's FX strategist Sim Moh Siong notes that the US Dollar is rangebound but resilient, consolidating after recent payroll-driven strength. The bank sees upside risks for the greenback, while Asian currencies diverge based on local policy signals and capital flows.

OCBC has removed its final projected Fed rate cut and now expects no easing through 2026, accompanied by higher 10-year Treasury yields, reinforcing a supportive backdrop for the dollar.

Source: FXStreet Forex News