On May 11, an analyst at ANZ Bank said that it is expected that the U.S. dollar will fluctuate in the future, because the current Fed’s remarks seem hawkish, but the market does not currently accept the Fed’s expectations and mood for further interest rate hikes.
At the same time, the bank pointed out that the April inflation data and labor market report do not indicate that the Fed will adjust policy earlier, because the data so far have not indicated that a recession is imminent, and the strong performance of the labor market also indicates that even if any recession occurs , will also be slight.