Detailed Notes on nio june deliveries 2023
Detailed Notes on nio june deliveries 2023
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However, given the bearish euro-to-dollar forecast in 2022—in addition to a dire European economic outlook—further more weakness seems more likely. Consider that forecasts is usually revised if economic numbers or central bank policy thwarts market expectations.
10 to the ICE Dollar Index (DXY). The index, which reflects dollar strength relative to its basket of rival currencies, showed a dollar increase of 14% over the year at its high.
The bank, therefore, expects that there will be even more near-term US currency support; “With both of those these narratives still very much in play – elevated geopolitical uncertainty, and continued focus on Fed normalization – the balance of risks might continue to favour USD while in the short term.”
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Moreover, with most commodities priced in US dollars, countries with a high reliance on imports of energy and agricultural products face supplemental inflationary pressures mainly because of the dollar surge.
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