Macquarie: After the US-Iran peace agreement, the market returns to normal, with focus shifting to the Federal Reserve decision
- Macquarie's global foreign exchange and interest rate strategist Thierry Wizman stated that after the United States and Iran reached a temporary peace agreement and a memorandum of understanding, "normalcy" seems to have returned to the markets this week, which is most evident in oil prices.
- This return to normal means traders may shift their attention to central bank decisions this week, especially to the Federal Reserve's first interest rate decision since the new Chair Walsh took office on Wednesday. Currency market data indicates a high probability of rates remaining unchanged.
- Macquarie believes that the continued decline in oil prices is also a significant factor for the foreign exchange market.
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