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
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