US Dollar to depreciate over the course of 2024 – Wells Fargo
Source Fxstreet
Economists at Wells Fargo forecast US Dollar depreciation as 2024 progresses, and into 2025.
Further depreciation in the US Dollar through 2025
While we expect the US to avoid recession, Fed easing and slower economic growth should still weigh on the Greenback as the year progresses.
For the Fed's US Dollar Index against the advanced foreign economies, we see a depreciation of 2.8% over the rest of 2024.
A relatively benign global growth environment that supports broader financial market sentiment could also lessen safe-haven support for the Greenback, contributing to moderate US Dollar losses this year and next.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As one of the most traded currency pair in the forex markets, the price of EURUSD affects many traders. Check out our EURUSD long-term forecast for more information.
The price of copper is affected by various of factors. You may wonder how the price of cooper will be in 2023, check out our forecast analysis.
Prioritize filling the $27,000 gap and even try higher.
The 365-day MVRV ratio suggests that this crash may be just the beginning. If the ETF is rejected before the second quarter of 2024, it could trigger a sharp correction.
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Related Instrument
