Marc Chandler Discusses Key Currencies, GDP Growth Forecasts, And Retail Sales
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website, joins us to discuss some of the moves in key currency markets, growth, and retail consumption forecasts. We start off discussing the weak European economic outlook and how this has pushed the euro lower compared to most other key global currencies over the last few weeks. Next we look at the continued strength in the US dollar, as a result of this weak euro, and also the short end of the yield curve incentivizing investors into US assets. We wrap up reviewing the bullish GDP growth forecasts for Q4, but with Marc being concerned about a slowdown in the middle of 2022, and despite the recent positive retail sales numbers how rising inflation may temper retail consumption moving into next year.