The next major leg of the Dollar decline will probably come through late in the second quarter – ING
Source Fxstreet
The Dollar is recovering some of its late 2023 losses. Economists at ING analyze Greenback’s outlook for 2024.
EUR/USD to embark on its rally to 1.15 in the second half of the year
Our preference is that the next major leg of the Dollar decline probably comes through late in the second quarter as the Fed launches into its easing cycle.
Rate spreads should eventually prove positive for EUR/USD – especially as European Central Bank (ECB) easing expectations seem far too aggressive – but again, it should be in the second half that the currency pair embarks on its rally to 1.15. Until then, we expect choppy conditions for the major currencies and also expect investors to continue their search for yield.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Kevin Hassett, White House National Economic Council Director, is poised to succeed Jerome Powell as the next Federal Reserve Chair. This development signals a potentially more dovish mon
Avalanche (AVAX) consolidates above $14.00 after an 8% breakout, but with open interest below $600 million and key resistance at $17.14 looming, traders remain cautious.
Historical patterns indicate that low BandWidth levels often precede significant BTC price increases.
The AUD/USD pair prolongs its strong uptrend witnessed over the past two weeks or so and advances to a fresh high since late October during the Asian session on Thursday.
Solana Price Forecast: ETF Demand and Derivatives Flows Fuel a Sharper ReboundSolana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
Solana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
