4 Global Market Updates- 16 August, 2022
In this article, we have covered the highlights of global market news about the USD, Gold price, Natural Gas, and EUR/CHF.
The USD is more likely to retest its highs than to fall much lower, according to ING.
Some are speculating if the dollar has peaked after it corrected 3% lower. The dollar is more likely to retest its highs, according to ING economists, than to drop far lower.
“While many trade partners would wish that to be the case, the Fed is likely to continue tightening as planned. The dollar is more likely to drop significantly lower, in our opinion, than to test its highs again.
“Our view has been driven by the Fed’s constant language that it won’t be blown off course by any lower activity or pricing data,” the author writes.
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