Mixed global growth backdrop remains supportive for the USD – MUFG

Market news

7 June 2023

Mixed global growth backdrop remains supportive for the USD – MUFG

Economists at MUFG Bank discuss the US Dollar outlook.

Consolidation at these stronger US Dollar levels seems likely

The mixed global growth backdrop remains supportive for the US Dollar at this stage.

Consolidation at these stronger US Dollar levels seems most likely given the probable declining appetite for position-taking ahead of a key week next week with the US Consumer Price Index (CPI) data and the FOMC and European Central Bank (ECB) meetings.

See: Slower growth everywhere ought to help the Yen – SocGen

Currencies. Daily history for Wednesday, June 7, 2023

Commodities. Daily history for Tuesday, June 6, 2023

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.