The USD was mostly flat against European pairs as continued issues around gas supply and the risk of inflation muted any gains against the greenback. Yen was the largest winner as a hawkish FOMC meeting accelerated treasury yields.
The Canadian Dollar was the weeks best performer helped in most by a continuing strong oil price, whilst other Asian pairs stumbled amidst continued concerns over China’s Evergrande. The Euro looking towards German Elections over the weekend seems to continue it’s range bound trading.
The week ahead is sees Chairman Powell along with other central bank presidents giving speech’s. BoJ policy minutes are also released. USD could continue to rise against European pairs as yields continue to strengthen coupled with the UK fuel crisis.
Weekly Majors Market Performance
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Peyman Khosravani is a global blockchain and digital transformation expert with a passion for marketing, futuristic ideas, analytics insights, startup businesses, and effective communications. He has extensive experience in blockchain and DeFi projects and is committed to using technology to bring justice and fairness to society and promote freedom. Peyman has worked with international organizations to improve digital transformation strategies and data-gathering strategies that help identify customer touchpoints and sources of data that tell the story of what is happening. With his expertise in blockchain, digital transformation, marketing, analytics insights, startup businesses, and effective communications, Peyman is dedicated to helping businesses succeed in the digital age. He believes that technology can be used as a tool for positive change in the world.
