USD recovery causes all currencies to decline

25 Okt 2023

S&P Global said on October 24 that US business output increased higher in October, as the manufacturing sector escaped a five-month decline, due to increased new orders and translation activities. The case accelerated slightly, in the context of cooling inflation pressures.

That is the latest sign that the US economy is standing firm in the face of interest rate increases - part of the US Federal Reserve's (Fed) campaign to curb inflation.

“Last week's higher-than-expected U.S. inflation and better-than-expected retail sales last week bolstered the case for further Fed tightening,” the analysts wrote in their latest report. currency in January”.

The focus for traders and investors remains on the rhetoric coming from central banks, especially the Federal Reserve. Currently, inflation is still not under control and geopolitical risks remain high, which are still major risks to the global economy.