The USD has dropped 2.5% versus other major currencies in recent weeks after a phenomenal rally through the middle of May. Is this just a correction or a change in trend?
Economy and Interest Rates
The Ukraine war, China’s lockdown, high inflation and rising interest rates weigh on sentiment and slow the global economy. Developed markets, especially Europe, are hit harder than emerging markets. Recession still seems to be…
The USD rose at the start of May, but then fell back sharply. Still, the USD DXY is up a stellar 7% year to date. The JPY is the worst performer so far this year among major currencies, while…
Going into more detail: Based on our proprietary analytical framework to take scalable exchange rate positions we are taking a close look on individual currency pairs.