2023 October Outlook for G7 Currencies Dollar Fundamental perspective: In contrast to the preceding two months, the US Dollar exhibited a fluctuation between 105.3 and 107.3 due to a multitude of economic factors causing it to veer off its established path. Initially, it showed slight weakness owing to...
2023 September Outlook for G7 Currencies Dollar Fundamental perspective: Over the past month, the dollar displayed a mix of strength and vulnerability against its international peers. It initially surged above 105, driven by optimism from strong ISM services data and favorable unemployment claims, while eurozone economic concerns weighed...
2023 August Outlook for G7 Currencies Dollar Fundamental perspective: With the narrative of a soft-landing, the dollar surged against its G10 currency peers to close above 104 and was cushioned despite lower-than-expected figures for August CPI print, reporting at 3.2% growth, and also with Non-Farm Payrolls coming in...
2023 July Outlook for G7 Currencies Dollar Fundamental perspective: July witnessed the collapse of the dollar from its high of 103.5 to the low of 99.5 as non-farm payroll and CPI, which was reported at 3% growth, moderated more than consensus had expected. In addition, poor business conditions...
2023 June Outlook for G7 Currencies Dollar Fundamental perspective: The dollar index closed at 103 in June after retracing from a 2-month high of 104.5. The Fed paused its tightening campaign after 15 months, leaving the rate at 5.25%. However, the median Fed official is expecting two more...
2023 May Outlook for G7 Currencies Dollar Fundamental perspective: The dollar index rallied in May, to above 104. While debt ceiling negotiations dominated narrative for dollar strength in May, persistent inflation data contributed to it too. Inflation expectations hit a 12-year high. The Fed emphasised the need to...
2023 April Outlook for G7 Currencies Dollar Fundamental perspective: In April, weakness in the US dollar lingered as price failed to break the key psychological level of 102. Mixed economic data indicated patchy growth in different parts of the economy, with manufacturing continuing to lag the services sector....
2023 March Outlook for G7 Currencies Dollar Fundamental perspective: The dollar index dipped below 102 in late March, as Silicon Valley Bank’s collapse led to fears of a broader bank run contagion within the US banking system. Regulators acted quickly to merge it with another troubled bank, Signature,...
2023 Outlook on USD USD: Bullish above 102.00 Fundamental perspective: Markets quickly fell in line with the Fed’s stance of “higher for longer” regarding rates, causing the dollar to rally at the start of 2023. The US economy continues to show strength despite the Fed’s tightening, surprising market...