US Dollar set to rebound in the coming months – NBF
Source Fxstreet
After jumping out of the blocks at the start of the year, the US Dollar (USD) has run out of steam and is almost back to where it started 2024 against a basket of 26 currencies.
Monetary easing in the US to be less aggressive than in the rest of the world
The recent USD weakness probably reflects a sanguine view of a soft landing for the US economy, with very limited collateral damage to corporate earnings and limited job losses.
As we remain skeptical of this view and expect monetary easing in the US to be less aggressive than in the rest of the world, where negative growth is widespread, we expect the Dollar to rebound in the coming months.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
During the Asian session on May 26, gold prices ( XAUUSD) weakened under pressure after briefly touching the $4,580 resistance level, maintaining a weak trend intraday and potentially ent
Gold price (XAU/USD) gains ground to near $4,575 during the early Asian session on Tuesday. The precious metal edges higher as hopes for US-Iran peace negotiations weakened the US Dollar (USD).
Here is what you need to know on Monday, May 25:
Silver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
Related Instrument
