US Dollar: Dovish Fed surprise could weaken the Dollar - MUFG

FXStreet28 October 2026, 09:05 UTCNew Zealand

MUFG’s Derek Halpenny notes the US Dollar (USD) is under upward pressure ahead of the FOMC, with NZD/USD hit hard after a surprise Reserve Bank of New Zealand (RBNZ) hold. He expects the FOMC to keep rates on hold but maintain a hawkish tone, with December largely priced.

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