USD to weaken once the end of US monetary tightening campaign is in sight – NBF DollarIndex Fed China Banks Employment
for higher interest rates made by the Fed is the resilience of labor markets. Economists at the National Bank of Canada think things are about to change.“Full-time employment, meanwhile, has stagnated since the beginning of 2022. This suggests that companies may be on the verge of cutting back on hiring in the coming months. If we are right, the FOMC may soon recognize that the end of US monetary tightening campaign is in sight, a development that could weaken the greenback.
“An easing of China's ‘zero COVID’ policy would also help limit the appreciation of the US currency.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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