Topic: Weekly FX Report

US equities are near record levels and the US dollar is broadly rebounding. We recap what has moved markets this week.

The USD gained after officials successfully pushed back against elevated policy easing expectations, yet US shares still made new highs.

US inflation remained hot but has not risen enough to change neither markets, nor the Fed’s perspective on monetary policy

The first trading week of the year is shaping up to be negative for risk assets, with markets fretting about an expected uptick in inflation

The last big week of the year has come to an end with the G3 central banks all deciding not to raise interest rates.

Major central banks set up FX markets for a defining week as 2023 nears an end.