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Currencies, here’s how central bank moves set the pace for exchange rates

Monetary policy

According to experts and analysts, the normalization of monetary policies strengthens the dollar and sterling: the euro is expected to fall again

by Vittorio Carlini

“It is the interest rate differentials that, even in 2022, should continue to guide currency exchange,” said Roberto Mialich, UniCredit forex strategist. «In this sense it is not surprising – echoes Fabrizio Quirighetti, chief investment officer of Decalia – that the thrust engine, for example of the dollar, was above all the more aggressive stance of the Fed since June ». «A decoupling between ECB e Federal Reserve – adds Maurizio Zaniboni, co-head of the Forex commission of Assiom …

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