Currency (FX) Outlook Q3 2023
Dmitri Smolanksy, Head of Portfolio Solutions, provides a currency outlook for the third quarter of 2023:
- USD is at risk of further sell-off with EUR being the primary beneficiary
- China’s economic weakness may continue to weigh on CNY
- MXN has been a beneficiary of high Carry and the US-China decoupling
- Carry has performed well recently and is likely to consolidate, but long-term prospects are appealing
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