GREEN IS IN, SO IS THE GREENBACK

Weekly
May 9, 2022
  • The dollar is testing new highs against its major counterparts
  • This upward trend will only be reversed when the Fed eases its stance
  • Euro and yen benefit from ECB and BoJ ‘wait-and-see’ attitude to depreciate
  • China is forced to weaken its Yuan to avoid losing too much competitiveness