2023-05-29 14:06:00
© Archyde.com Wells Fargo Bank reviews its forecasts for the upcoming US dollar index movements
Arabictrader.com – Economists at Wells Fargo Bank reviewed their expectations for the upcoming US performance, as analysts say that the value of the US dollar is expected to decline modestly in the fourth quarter of this year, but it will return to upward momentum over the next year.
Nevertheless, US bank experts indicated that the US dollar index may be relatively stable in the near term, given that it will receive some support from the additional tightening of the US Federal Reserve, along with the possibility of somewhat unstable markets that will provide temporary support for the US dollar index. .
However, the bank’s economist predicted that the US dollar index will eventually come under pressure, due to the possibility that the US Federal Reserve’s aggressive easing will start from early 2024, and this may weaken the US dollar.
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