💱 Equal Weighted FX Indexes Update: Cable FX Macro
- Jose Antonio Gutierrez Mares
- Oct 24, 2022
- 1 min read
**As seen in Macro Walk report 10/21/22, subscribe at cablefxm.co.uk/reports
With the BoC, BoJ and ECB having interest rates meetings this week markets are in for more volatility
The JPY EW index has continued to decline even as the interventions in the FX market by the BoJ continue.
The GBP EW index has gotten off the lows thanks to the walking back of the "mini-budget". Political risk here still remains a big concern, and will be the driving force over the next few weeks.
The USD EW index has continued to rise, bringing pressure on other currencies, and with the Fed poised to hike another 75bps this month its rise might very well continue, aided by a hawkish stance.
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