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18.01.2022 16:26

EUR/USD to remain relatively tepid in 2022 – NBF

The euro has depreciated 6.9% in the past twelve months. Overall, economists at the National Bank of Canada expect the common currency to remain relatively tepid in the coming year.

New year, old ways

“Christine Lagarde treads a fine line as the Fed and other major central banks start normalizing policy. Inaction could lead to weakness in the currency which could translate into higher imported inflation.”

“We expect the euro to remain relatively tepid in 2022. The common area will have to contend with supply chain issues and inflationary pressures while the ECB is unlikely to signal a significant change in policy until later this year.” 

 


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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American New York 12:00 21:00 15:00 00:00 15:00 00:00
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Chicago 13:00 22:00 16:00 01:00 16:00 01:00