Is the Era of the King Dollar Over?

Jeff Ng, Senior Currency Analyst, MUFG

16-Jan-23 07:30

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2022 was the era of the King Dollar led by the aggressive rate hiking cycle of 425 bps by the Fed. But there are expectations of the Fed being at the tail end of its hiking cycle and also supported by the modest inflation print for December. The Bloomberg dollar index is down 2% YTD. With this, we have seen Asia currencies appreciate across the board. What does this mean for the global currency outlook in 2023? For answers we speak to Jeff Ng, Senior Currency Analyst, MUFG.

Image credit: Shutterstock

Produced by: Chong Tjen San

Presented by: Chong Tjen San, Wong Shou Ning, Philip See

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Categories: markets, economy

Tags: currency markets, us dollar, 2023 outlook,

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