The dollar's strength has yet to peak, according to a majority of currency strategists polled by Reuters who were however divided on when the currency's advance would come to an end.
The greenback slipped from a decade high in mid-July but quickly snapped back when three Fed officials made it clear the central bank was "completely united" on increasing rates to a level that would put a dent in the highest U.S. inflation since the 1980s.
"In the very long run, let's say two or three or four years from now, the dollar will probably be considerably weaker. But in the 12-month timeframe we're looking at relatively small moves," said Brian Rose, senior economist at UBS Global Wealth Management.The euro touched parity with the dollar last month, hitting a near two-decade low, and is down more than 10% in 2022. It was forecast to gain over 6% from current levels by next July and was expected to trade around $1.
"In the short term we're looking for the dollar to maintain its strength, especially against the euro. So we think there's a chance the euro will drop below parity," Rose said. "I think the most relevant question with respect to the dollar is if you're going to sell the dollar, what else do you buy ... you're not going to buy shed loads of yen relative to the U.S. dollar when you're getting much higher yield in dollars," said Jane Foley, head of FX strategy at Rabobank.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
FX boss gives updates on Shogun, Noah Hawley's Alien series, and moreFX boss shares updates on Shōgun, Fargo, Noah Hawley's Alien series, and more
Weiterlesen »
OWC’s New Envoy Pro FX SSD Is Rugged, Portable And FastThis OWC Envoy Pro FX Thunderbolt/USB SSD is available in capacities up to 4TB and is waterproof, dustproof and shockproof.
Weiterlesen »
FX Boss Reveals Alien TV Series Starts Filming SoonFX chief John Landgraf said during his presentation to the Television Critics Association that the [...]
Weiterlesen »
New Poll Says Democrats Lead GOP by 7 Points in Generic Congressional BallotNew polling from Monmouth University shows that Democrats are faring better in general than Republicans when it comes to who Americans believe should control Congress
Weiterlesen »
RNC links up with ‘Stop the Steal’ advocates to train poll workersRecordings of recruitment “summits” show party officials working with Cleta Mitchell and other leaders of Trump’s efforts to overturn the 2020 election.
Weiterlesen »
Poll: Majority of Republicans Support Donald Trump in 2024 GOP PrimaryEven after all the lies and nonsense the Establishment Media, RINOs, and the Democrat Party have hurled at him, former President Donald Trump enjoys majority support in a hypothetical 2024 Republican primary race, a survey reveals.
Weiterlesen »