Currencies, this is how central bank moves set the pace for exchange rates

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“It is the interest rate differentials that, even in 2022, should continue to guide currency exchange,” said Roberto Mialich, UniCredit forex strategist. “In this sense it is not surprising – echoes Fabrizio Quirighetti, chief investment officer of Decalia – that the driving force, for example of the dollar, was above all the more aggressive orientation of the Fed, starting from June”. “A decoupling between the ECB and the Federal Reserve – adds Maurizio Zaniboni, co-head of the Forex commission of Assiom …