An extended period of US Dollar depreciation is approaching – Wells Fargo DollarIndex Fed UnitedStates Banks
Economists at Wells Fargo expect US Dollar depreciation to be modest during Q4-2023, but pick up pace over the course of next year.“The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback.to eventually come under pressure as aggressive Fed easing starts from early 2024.
“We forecast the trade-weighted Dollar to soften 1.5% over the balance of 2023, and by a further 5% in 2024.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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