Week Ahead: New FOMC Projections; BOE, BOJ, and Riksbank Standpat, While SNB to Approach Zero -Bound (Again)

The architects of the new US foreign economic policy expected dollar appreciation to absorb some of the cost of US tariffs and expected some exporters to cut prices. Instead, the dollar has mostly fallen against the major currencies. Last week, the greenback recorded new lows for the year against the Chinese yuan, Mexican peso, euro, sterling, the Japanese yen, the Swedish krona,…