2023 Evolving FX Drivers and Losing US Dollar Appeal: FX Moment
FICC Focus
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What's Next for the Currency Market?
It's an increasingly common view that we are closer to a peak in interest rate than we were six months ago. The high for long US rate story is arguably priced in the dollar, he says. And I think next year what will happen is we'll have the relative yield differential and the Relative Rate differential story will become less supportive for the dollar as central bank catch up on tightening cycle.
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