Is the dollar rally done and dusted? episode artwork

EPISODE · Nov 21, 2022 · 25 MIN

Is the dollar rally done and dusted?

from The Weekly Briefing from Capital Economics · host Capital Economics

This year’s has been a dollar rally for the ages, but recent weeks have seen the currency come under pressure. That’s fuelling talk that the greenback is finally past the peak with only downside ahead. Jonas Goltermann and Jonathan Petersen from our FX Markets team aren’t convinced and in this episode they talk about the drivers of dollar strength this year and what – if anything – has changed of late. Plus, fresh from client meetings in New York and Toronto, Group Chief Economist Neil Shearing gives our take on the latest activity data and what they mean for the policy outlook and whether Jeremy Hunt’s Autumn Statement means the UK government has finally made its peace with markets. 

Our FX team dive into what's driven the dollar to this year's multi-decade highs and whether anything has changed in recent weeks to support the idea that the great greenback rally of 2022 is finally over. Also, what do the latest economic data say about the policy outlook?

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Is the dollar rally done and dusted?

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This episode was published on November 21, 2022.

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This year’s has been a dollar rally for the ages, but recent weeks have seen the currency come under pressure. That’s fuelling talk that the greenback is finally past the peak with only downside ahead. Jonas Goltermann and Jonathan Petersen from our...

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