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iBanFirst: despite lower inflation, the dollar index may exceed the 115 mark in 2023

According to iBanFirst, in terms of the current economic situation, the dollar index will stay strong. The exchange rate will be in this position for a long time and will probably exceed the mark of 115.

14 December 2022
Gas in the US jumped by 5% due to the cold weather forecast for late December

U.S. natural gas futures jumped about 5% to a two-week high. This is due to cold weather forecasts and higher heating demand in December.

14 December 2022
The dollar is losing positions due to inflation slowdown in the U.S., the focus is on the Fed meeting

Earlier, the inflation data showed lower-than-expected results. Because of this, after a sharp fall, the US dollar barely got a fix on Wednesday.

14 December 2022
New Zealand expects recession to come in 2023 as rates increase

According to a statement made by the government of New Zealand, the country is about to enter recession next year.

14 December 2022
Bank of Mexico to diverge from Fed policy in 2023

According to Barclays Plc., the policy of the Bank of Mexico (Banxico) is likely to diverge from the Federal Reserve's stance in the coming year, despite holding similar events this week.

14 December 2022
Morgan Stanley raised China’s GDP forecast

Morgan Stanley expects that by the end of next year’s first fiscal quarter, China’s economic activity will recover. Regarding this, the American bank has raised its China’s GDP growth forecast for 2023 from 5% to 5.4%.

14 December 2022
What to expect from the Fed’s meeting

The U.S. Federal Reserve (Fed) is expected to raise interest rates by 0.5% at Wednesday's meeting.

14 December 2022
Large Japanese companies have different views on the prospects of the economy

The Bank of Japan published the results of the Tankan survey. According to the data, in December there was a decrease in the index of confidence among the largest manufacturers from 8 to 7 and an increase in the index for service sector companies.

14 December 2022
According to economists, BOJ will review the politics in 2023

47 surveyed economists don’t think that the BOJ will change the restrictive policy concerning a negative interest rate and a yield curve. The decision will be taken on December 20 after a two-day meeting.

14 December 2022
Gold holds steady above $1,800 ahead of Fed meeting

Gold prices were little changed on Wednesday following a rapid growth seen in the last session. Gold steadied as markets awaited the Federal Reserve interest-rate decision that would be announced later in the day.

14 December 2022