FX Navigator H2 2022
January opened the year with great expectations, as the world anticipated a welcome return to normal, even if normal is of a new variety following the pandemic turmoil. In the event the reality has been somewhat less sanguine. Early hopes for transitory inflation have been long forgotten as factors contributing to price pressures have multiplied and diversified across the globe, with much of the West experiencing levels of inflation not witnessed in the last four decades.
Last time EURUSD traded below parity
Share of USD in World Reserves