SEB: USD Could Weaken In 3Q

The video discusses the RBNZ's anticipated rate hike and its impact on the market, comparing it to the Fed's challenges with inflation and employment recovery. It analyzes the Kiwi dollar's performance against the USD and the economic forecast, highlighting the policy divergence with the RBA. The discussion also covers the Fed's response to inflationary pressures and the potential impact of the delta variant on the economic outlook, emphasizing the risks of elevated market expectations.

Discuss the potential impact of the delta variant on the economic recovery and employment numbers.

What are the risks associated with the current market expectations regarding the US economy's recovery?