USD could peak by the first quarter of 2023 – Wells Fargo – by MSalordFX DollarIndex Banks Currencies
remainder of 2022 and into 2023. They warn the greenback could peak by early next year and then soften against G10 and emerging market currencies through much of 2023.“The tight stance of policy alongside still high inflation suggests a recession is more likely than not next year. We look for the U.S. economy to enter a mild recession in the first quarter of 2023. The downturn should help alleviate inflation pressures enough to where the Fed begins easing policy in the second half of 2023.
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