USD value on the Last Days of 2022
The US dollar value slightly increased against other currencies on Friday, signaling the cooling of the US economy. The slow recovery of the USD value implies that the increase in interest rates will be lower than predicted. The expected rise in interest rates is about 25 basis points in the next session in January.
Also, inflation is reviving, and economic growth seems to have a smother path ahead. Additionally, traders in the stock market did not have any strange behaviors, and the price movements were normal. Overall, the Fed managed to control the inflation rate and preserve dollar value in 2022.
Source: The Pipsafe Team
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