But what has changed?
Report published "Cnn" US inflation data showed a lower-than-expected rise in October on Wednesday, which bolstered expectations for an easing federal of the United States The pace of interest rate increases soon.
It also increases optimism China He is ready to ease restrictions related to the spread of the Corona virus, and the government has taken serious measures to address the real estate crisis in the country.
The warm autumn has arrived Europe Reduce worries about the country’s energy crisis and make the economic prospects of the old continent relatively more optimistic.
A currency strategist at Inc "Nomura"Jordan Rochester, There are clear indications that inflation is slowing in the US, there are also clear indications that the winter in Europe may not be as harsh and that China is focusing on economic growth more than in the previous period.
He explained that the value of the US dollar may have peaked against other major currencies.
However, these statements come in light of uncertainty about the Fed’s plans to raise interest rates and fight inflation, and it is difficult to predict the course of the Russo-Ukrainian war.
For her part, Societe Generale’s Kate Jukes warned that the dollar is unlikely to go down in a straight line.
The report said that many governments and leaders are monitoring the US currency as it causes suffering for other countries as the strength of the dollar negatively affects the prices of food and energy imports and increases the pain of governments that have debts in dollars.
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However, the story of the dollar’s rise is coming to an end, as the dollar has fallen more than 4% during the current quarter of this year, to retreat from the highest levels in about two decades, which the dollar has reached in September.
Bank strategists said:Goldman SachsIn their 2023 outlook, which the bank recently released, markets are eager to watch for signs of fundamental shifts, as investors fear missing out on corrections, which tend to happen quickly and abruptly.
But what has changed?
A report released on Wednesday by ‘CNN’ said that US inflation data showed a lower-than-expected rise in October, which bolstered expectations that inflation would ease. federal of the United States The pace of interest rate increases soon.
It also increases optimism China He is ready to ease restrictions related to the spread of the Corona virus, and the government has taken serious measures to address the real estate crisis in the country.
The warm autumn has arrived Europe Reduce worries about the country’s energy crisis and make the economic prospects of the old continent relatively more optimistic.
Nomura’s currency strategist Jordan Rochester said there are a number of clear indications that inflation is slowing in the US, and there are also clear indications that winter in Europe may not be harsh and that China is focusing on economic growth in a greater way than in the previous period.
He explained that the value of the US dollar may have peaked against other major currencies.
However, these statements come in light of uncertainty about the Fed’s plans to raise interest rates and fight inflation, and it is difficult to predict the course of the Russo-Ukrainian war.
For her part, Societe Generale’s Kate Jukes warned that the dollar is unlikely to go down in a straight line.
The report said that many governments and leaders are monitoring the US currency as it causes suffering for other countries as the strength of the dollar negatively affects the prices of food and energy imports and increases the pain of governments that have debts in dollars.
