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Focus - Currency Matters July 2023

Central bank action over the next few weeks will be key for FX markets. We are sticking with our USD bear view for the most part, but are tempering our 12-month USD bear forecasts vs. most major FX rates. If you would like to read our report, contact us at

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The currency market is at a key juncture. Major central banks may be near their 'peak' rate for this cycle, while the Bank of Japan has kept rates below 0% and is still offering a lot of stimulus to t

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