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Focus - Currency Matters November 2022

The USD bull trend has paused and may be reversing. This is very much the early part of any reversal, but our 'rubber-band' view of major FX rates suggests that a bearish USD trend may build.

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Rate hike expectations are shifting swiftly across the major FX rates as US bank wobbles and fears spread. This is making FX rates jumpy, and further choppy trading looks likely in the near term. Our

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