JPMorgan Econ FI-FX ponderings following a pivotal week -

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Global FX Strategy


                                                             08 February 2023

FX ponderings following a pivotal week
The past week has revealed several macro pillars that should be relevant for currencies—near-term risks of a US
recession risks are lower, even though there are still considerable concerns about the ultimate destination and US yields
are expected to rise. The regime-upshift in growth outside the US and the downshift in global inflation remains intact.
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