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Monthly Currency Market View August 2023
Abstract：Even amid economic difficulties, the growth in Retail Sales has been noted at 0.7%, a significant increase from the upwardly adjusted 0.1% acceleration seen in the preceding month. This performance surpasses the market forecast of 0.2%.
Even amid economic difficulties, the growth in Retail Sales has been noted at 0.7%, a significant increase from the upwardly adjusted 0.1% acceleration seen in the preceding month. This performance surpasses the market forecast of 0.2%. Consequently, this constitutes the third month in a row where retail trade has witnessed growth, clocking in the highest rate thus far.
USD – The yield curve inversion and its past association with recessions require close attention
EUR – ‘Uncertainty’ stalls German economy
GBP – Bank of England may slow pace of UK rate hikes
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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