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Week Ahead: A central bank bonanza
The coming week will likely see many of these themes repeated. Tariff risks remain elevated, especially with the President’s July 9th deadline drawing closer, posing further downside risks to the dollar. But while fighting in the Middle East continues to intensify, we see little scope for substantial greenback weakness, especially if oil and gas supplies are disrupted. Moreover, this could well overshadow a bumper week of central bank decisions, with plenty on offer to keep FX markets busy even without the elevated risk backdrop. Top of the docket are rate decisions from the BoJ, Riksbank, FOMC, SNB, Norges Bank, ... (full story)