A US recession in 2023 would see the Dollar fall further than anyone expects – SocGen DollarIndex UnitedStates Growth Banks
“I have plotted the 6-month change in the Leading Index against quarterly GDP since the late 1970s. The 6-month change in the index, at -4.4, is clearly in territory that in the past has preceded the economy slipping into recession at some point in the next two or three quarters.”
“The Dollar has risen a long way since 2008 as the US economy has outperformed Europe, and while currency markets are all about relative growth, relative monetary policy and other relative measures, a US recession in 2023 would see the Dollar fall further than anyone expects, particularly if Santa Claus were to find a way to give us peace on earth at some point next year.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former 'Million Dollar Listing Miami' star reveals the 'game changer' in real estate heading into 2023DeBianchi Real Estate’s Sam DeBianchi joined 'Mornings with Maria,' Tuesday, pointing to mortgage rates as the ultimate 'game changer' in the 'tricky' housing market heading into 2023.
Read more »
Get a glimpse of the One Plus 11 with these official imagesOnePlus' flagship for 2023 will launch on February 7th, 2023.
Read more »
State of small businessesA local business owner shares outlook on 2023.
Read more »
After Muni-Bond ‘Bloodbath,’ Expectations for 2023 Are MutedMunicipal bonds are on track to post their worst yearly performance since 1981, a deep slump for an investment prized for safety and stability
Read more »
If You Need Me in 2023, I’ll Be Living Life on ‘Do Not Disturb’For 2023, danya_issawi’s plan is to be both incredibly unbothered and inconveniently hard to reach
Read more »