ING’s Global Head of Markets, Chris Turner, lays out three key things to watch out for in the FX world next year.
Three key FX themes for 2022
“The first thing to watch out for is a stronger dollar. The US economy continues to perform extremely well, so watch out for interest rate rises from the Fed.”
“Commodity currencies, those which are linked to a country’s export of raw materials, are set to do well. We are thinking Canada, Norway and Russia here.”
“The final thing to look for is some weakness in the Chinese renminbi. It has been one of the strongest currencies in 2021 but we believe the authorities will be happy to see that drift lower next year.”
Read More: Three key things to watch out for in FX markets in 2022 – ING