NAMM - Monex USA

Per the Bloomberg Dollar Spot Index, the buck managed to stay afloat by a small margin as it lost value across the board
October proved to be a month of FX recovery and mixed ranges as risk events unfolded
Euro experienced its first monthly gain since May as some energy fears have subsided
Prime Minister Rishi Sunak is in after Liz Truss quit, making the shortest run ever of any PM
A few central banks signaled a need to consider slowing down the pace of interest rate hikes

Any further news on China’s will to reopen and end Zero-COVID policies may lead to further USD deterioration
OPEC+ production cuts will keep oil prices wild as the White House seeks to counter the move in repudiation as it afflicts Europe
Sterling has already shown the ability to recover quickly and may have room to rise
Everyone will keep a close eye on central bank commentary that leads to believe a turnaround on tightening is coming

Currency Outlook