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UBS outline 2 big reasons that'll see downward pressure on the USD continue to mount
This from a UBS note on the US dollar, saying that while there will still be periods that'll see it bounce, these will be for a short duration only and the trend is lower:
The Fed is getting closer to the end of its rate-hiking cycle
- With markets growing comfortable with a terminal fed funds rate close to or at 5%, and US inflation likely to quickly roll over in the first half of this year, downward pressure on the USD should continue to mount.
- Reduced carry advantag... Read More
Posted: Feb 1 2023, 02:43
Author Name: forexlive
Views: 110837