Transcription of Forex - January 2022
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Forex - January 2022
1 Economics and Strategy Forex January 2022 Highlights By St fane Marion/Kyle Dahms The dollar has had an excellent 2021, gaining ground on most major currencies. With the Federal Reserve about to embark on a slightly more aggressive pace of monetary policy normalization than was anticipated a few months ago, some market observers believe the dollar will continue to appreciate. We are not so sure. In our view, with the Fed's net asset purchases about to end by March, we could see a more rapid rise in long-term interest rates. This could substitute for a rise in the federal funds rate and keep the greenback in check. The Canadian dollar has been battered in recent weeks.
Forex If this trend continues, we expect consumer spending in the OECD economies to remain relatively strong in 2022 and global industrial production to reach new highs. This means that commodity prices are likely to remain high and possibly rise further. This is good news for Canada. We estimate that the Bank of
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