USD/CNH

USDCNH 11th JULY 2022

347
Apart from the very aggressive increase in interest rates by the US central bank (The Fed), the recession issue has also made the US dollar a safe-haven choice.
The Fed until last June has raised interest rates 3 times with a total of 150 basis points to 1.5% - 1.75%.
This month, the world's most powerful central bank will again increase by 50 - 75 basis points, and by the end of the year interest rates are projected to be in the range of 3.25% - 3.5%. This certainly supports the strengthening of the US dollar. USD is predicted to continue to strengthen for at least the next 3 months.

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