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6 October 2022 | Other

Dollar decreased, but not weakened

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U.S. service sector indicators rose again in September, regardless of the reduction in the trade deficit and the stability of the labor market this month. The President of the San Francisco FRB, Mary Daley, expressed confirmation of policymakers' focus on fighting inflation. She also rejected the market's hopes for a rate decrease in 2023.

Imre Speiser, a currency strategist at Westpac, suggested that people may be a little bit premature in their assessment of a decrease in U.S. rates.

U.S. labor market data will come out on Friday. Traders are waiting for this information to estimate the FRS interest rates in terms of the speed and level of growth.

Company MarketCheese

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