Westpac's Cheung Sees Limited Upside for U.S. Dollar

The video discusses the implications of the Federal Reserve's interest rate hikes on the market, highlighting the potential for continued dollar support despite limited upside. It examines the US GDP report's significance and the Fed's confidence in economic growth, noting the labor market's role in sustaining the economy. The discussion also covers the Dollar-Renminbi exchange rate, suggesting that Chinese authorities are comfortable with some currency weakness, provided it is market-driven, and may intervene if necessary to prevent rapid movements.

In what ways might the labor market influence the US economy in the near future?

What are the potential implications of the PBOC's actions on the Chinese currency?