2023 Evolving FX Drivers and Losing US Dollar Appeal: FX Moment
FICC Focus
00:00
The Euro, Sterling, and Yen - What's Next?
On the Euro, we've had quite a remarkable recovery from 95 all the way back to 105. And now we're consolidating. It's as much of a dollar, more dollar negative story as it is a little bit more reassurance from Europe. We're also expecting the ECB to tighten and monetary policy further so that the yield differential with the US is staying stable. The second point on risk is the China reopening story. Stephen will elaborate more on that very shortly. After that, I'll pass it on to Stephen, who's going to cover the outlook for the Asia currency block.
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