NAB's Attrill Sees 'Quite a lot' of Downside for Dollar

The video discusses the decline of the US dollar, driven by falling US yields and global economic conditions. It explores the Fed's easing cycle and its impact on inflation, noting the lack of significant inflationary pressure. The potential for further US dollar weakening is considered, alongside the global economic context. The possibility of US intervention in the FX market under President Trump is also examined, though deemed unlikely.

What has been a key driver of the US dollar's weakness in recent months?

• Strengthening of the Euro

• Decline in US yields

• Rise in global interest rates

• Increase in US yields

What is the expected impact of the Fed's easing cycle on the US dollar?

• Immediate strengthening

• Permanent decline

• Initial weakening

• No change

What is the Fed's targeted measure of inflation mentioned in the discussion?

• PCE deflator

• PPI

• GDP deflator

• CPI

Which central banks are mentioned as having less scope to match the Fed's actions?

• People's Bank of China and Reserve Bank of India

• Swiss National Bank and Bank of England

• Bank of Canada and RBA

• Bank of Japan and ECB

What is the likelihood of US intervention in the FX market according to the discussion?

• Very high

• Moderate

• Certain

• Low