DOW JONRS FUNDAMENTALS EXPLAINED

dow jonrs Fundamentals Explained

dow jonrs Fundamentals Explained

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The Pound to Canadian Dollar exchange rate's technical setup looks supportive of further near-term gains, but much will count on this week's Macklem speeches as well as the U.S. payroll report.

The Pound to Australian Dollar exchange rate is breaking down and technical scientific tests show a higher likelihood of further losses in the coming days.

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However, Even though the dollar is likely to decline further in 2023, it truly is expected that exchange rate volatility will remain elevated. This is especially due to high macroeconomic uncertainty with ongoing global recession risks, as well as persistent US inflation on account of significant shortages in its labour market which could bring about higher interest rates for longer.

The US dollar has eased from its peak level, but exchange rate volatility will remain elevated in 2023 to the back of global macroeconomic uncertainty



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