The US Dollar should appreciate this year as risk returns to the forefront – NBF
Source Fxstreet
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.
Recommended Articles
BTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.
Solana Future: From high-speed experiment to corporate treasury playbook for the next SOL cycleSolana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.
Solana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.
DOGE steadies near $0.1350 above $0.1332 support, SHIB holds the 50-day EMA at $0.00000834, and PEPE stays above $0.00000500 as momentum signals warn of further downside.
Gold Price Forectast: XAU/USD rises above $4,600 on US rate cut expectations, Fed uncertainty Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.
Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.
Bitcoin nears $93,000 as lower-than-expected US inflation data supports a surge in risk assets.
Related Instrument
