FED Daly hawkish comments put some pressure on the dollar

Today FED Daly's presented her opinion regarding central bank potential tightening plans>

The US has reached full employment
It is appropriate to raise interest rates to 2.5% by the end of this year
There is a need to enter into a neutral monetary policy
Inflation to remain high, may fell to 2% within 5 years
The reason for relatively low 10-year yields compared to 2-year yields is the demand for safe assets
The reversal of the curve correlates with recessions but does not cause it

One can see that Daly is predicting at least two 50bp hikes this year (which is required to push interest rates to 2.5%). Earlier, we also had hawkish comments from Kazaks and Nagel from the ECB (Bundesbank chief), who indicated that the QE should be ended soon and interest rates should be raised.

Today's hawkish comments from ECB members support the euro. The EURUSD pair is approaching major resistance around 1.09. Source: xStation5

6 January 2026, 2:51 PM

BREAKING: EURUSD muted; US services growth cools in December as demand softens 📌

6 January 2026, 2:22 PM

Barkin and Miran remain on opposite sides of the Fed policy path🎙️

6 January 2026, 1:07 PM

BREAKING: German inflation comes in significantly below expectations, EURUSD slips 📉

6 January 2026, 9:35 AM

BREAKING: European PMIs slightly weaker than expected; Spain stands out positively 🔎

Forex

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FED Daly hawkish comments put some pressure on the dollar

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