Is the dollar rally done and dusted?

Our FX team dive into what's driven the dollar to this year's multi-decade highs and whether anything has changed in recent weeks to support the idea that the great greenback rally of 2022 is finally over. Also, what do the latest economic data say about the policy outlook?

Show Notes

This year’s has been a dollar rally for the ages, but recent weeks have seen the currency come under pressure. That’s fuelling talk that the greenback is finally past the peak with only downside ahead. Jonas Goltermann and Jonathan Petersen from our FX Markets team aren’t convinced and in this episode they talk about the drivers of dollar strength this year and what – if anything – has changed of late. Plus, fresh from client meetings in New York and Toronto, Group Chief Economist Neil Shearing gives our take on the latest activity data and what they mean for the policy outlook and whether Jeremy Hunt’s Autumn Statement means the UK government has finally made its peace with markets. 

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Capital Economics, a world leading provider of macroeconomic insight, presents The Weekly Briefing – the show with all you need to know about what's happening in the global economy and markets. From the Fed's next decision to China's slowdown to moves in equities, bonds and FX, each week, our team of economists take apart the big economic and market stories and highlight the issues that investors should be paying more attention to.