EconomyBank analyst tells who paused dollar and why

Bank analyst tells who paused dollar and why

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Electronic scoreboard with dollar sign. archive photo

Analyst Kravchenko: dollar weakening linked to Fed’s signals on interest rates

MOSCOW, November 27 – RIA Novosti. Throughout 2022, the dollar grew against major world currencies, but saw a minor decline in November. What is the reason for this and where could the dollar go in the future? speech With the agency “Prime” Yuri Kravchenko, Head of the Department of Banks and Money Market IC “VELES Capital”.

The expert explains that the slight weakening of the dollar index last month was associated with the signals of a possible slowdown in the Fed’s rate hike, which contributed to increased risk appetite among investors and withdrawal from the protective dollar.

Now investors are looking at both the Fed’s future policy and macroeconomic indicators (GDP dynamics, inflation). Kravchenko concluded that if the Fed continues to pursue a policy of raising interest rates and the economy continues to deteriorate, it will lead to increased dollar purchases.

Source: Ria

Emma
Emma
I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.

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