Find all Forex news > Weekly Market Outlook >

Summer lull hits markets. ...

Yann Quelenn

Summer lull hits markets. Volumes are low, equity indices and currencies are going nowhere, there is no doubt summer is here. The US dollar extended losses last week after the Fed Chair expressed uncertainty about the effects of tightening on inflation and the release of poor economic data. Across the Atlantic the ECB is expected to move slowly toward tightening and this monetary policy convergence between the two biggest central banks could lead to a sharp appreciation of the single currency and could potentially bring back the currency pair toward levels last seen three years ago. However, the ECB has a lot to lose as it could put the final nail in the coffin of already faltering inflation pressures. Investors will get further clarity at the next ECN meeting on Thursday.

Download report
Simplified Chinese
Traditional Chinese

Our systems have detected that you are using a computer with an IP address located in the USA.
If you are currently not located in the USA, please click “Continue” in order to access our Website.

Local restrictions - provision of cross-border services

Swissquote Bank Ltd (“Swissquote”) is a bank licensed in Switzerland under the supervision of the Swiss Financial Market Supervisory Authority (FINMA). Swissquote is not authorized as a bank or broker by any US authority (such as the CFTC or SEC) neither is it authorized to disseminate offering and solicitation materials for offshore sales of securities and investment services, to make financial promotion or conduct investment or banking activity in the USA whatsoever.

This website may however contain information about services and products that may be considered by US authorities as an invitation or inducement to engage in investment activity having an effect in the USA.

By clicking “Continue”, you confirm that you have read and understood this legal information and that you access the website on your own initiative and without any solicitation from Swissquote.

If cookies are currently disabled on your computer, you will be required to continue accepting this legal information for every new page visited on this website. In order to avoid this, please enable cookies on your computer.