Tuesday 23rd August 2022
The US dollar has risen close to a multi-decade, against a falling Euro and pound, as the energy outlook in that part of the world worsens and gas prices continue to skyrocket. NAB’s Tapas Strickland says this has added to the resolve of central banks to tackle inflation with faster rises in interest rates. There is a plethora of PMI reports today. The question is, if they show any weakening in the performance of economies, will that be enough to moderate the hawkishness that’s prevalent amongst most central banks right now?