Today’s Notable Sentiment Shifts
USD – The dollar index hit a 20-year high on Thursday, and notched a 24-year peak against the rate-sensitive JPY after data showed a resiliently strong economy, giving the Federal Reserve more room to aggressively raise interest rate to curb inflation.
Furthermore, Generali argues that “even after hitting fresh records, USD strength has scope to extend somewhat further, boosted by the global slowdown and the European energy crunch in particular.”
Furthermore, Generali argues that “even after hitting fresh records, USD strength has scope to extend somewhat further, boosted by the global slowdown and the European energy crunch in particular.”