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    The US Dollar should appreciate this year as risk returns to the forefront – NBF

    Source Fxstreet
    Jan 26, 2024 14:56

    After ending 2023 on a weak note on the anticipation of a H1 2024 pivot by the Fed, the USD is back on an uptrend. Economists at the National Bank of Canada analyze Dollar’s outlook.

    Growth in the US to stumble in 2024

    Going forward, there are some signs that rate cuts by the Fed may not be the first to occur among the world’s central banks as inflation surprises on the upside. 

    We expect growth in the US to stumble in 2024.

    We believe the Dollar should appreciate this year as risk returns to the forefront.

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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