Fed Tightening Risks Keep US Dollar Outlook Bullish, OCBC Analysts Say

OCBC strategists Sim Moh Siong and Christopher Wong see renewed support for the U.S. dollar from multiple fronts. Rising oil prices, climbing U.S. yields, and resilient labor market data are contributing to a reassessment of Federal Reserve tightening expectations. As a result, the dollar’s near-term outlook remains bullish, according to the analysts.