Monthly Currency Market View August 2023

Despite economic challenges, Retail Sales rose by 0.7% from the previous
month, showing improvement from a downwardly revised 0.1% increase in the
prior month, and surpassing market expectations of 0.2%.
This marked the third consecutive month of growth in retail trade, with the steepest pace seen so 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

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