Macro Insights: Big Mac insights on FX and inflation - eToro

Macro Insights: Big Mac insights on FX and inflation - eToro: BURGERNOMICS: The Big Mac index is a useful short-hand for FX valuation, with a decent medium-term record. Updated numbers (see chart) show the USD strength, after its 2021 rally. We see limited room for more, especially after the surge in Fed rate hike expectations. A stable/weaker USD is positive for emerging markets, commodities, and US … Continued