Citi has provided a perspective that indicates a potential weakening of the US dollar in the near future. Despite maintaining a bullish stance on the currency for the next one to two months, the brokerage firm believes that the current market conditions do not support a broad strengthening of the dollar. Citi specifically pointed out
Forex
UBS analysts have recently advised investors to sell any potential short-term gains in the US dollar, signaling a more bearish outlook on the currency for the medium term. The firm’s recommendation comes amidst expectations of a possible corrective rebound in September, especially if the Federal Reserve’s cautious approach to implementing rate cuts greater than 25
The recent movements in various Asian currencies have been largely influenced by the prevailing global economic conditions. Concerns over worsening economic conditions have led to a decrease in risk appetite among investors, resulting in losses for most regional currencies. The situation highlights the interconnectedness of global markets and the impact of external factors on local
Switzerland is currently facing unexpected challenges in terms of inflation and the strength of the Swiss franc. The latest report by Gavekal Research highlights a slowdown in inflation, with the rate dropping to 1.1% year-on-year in August. This is below the SNB’s anticipated 1.2% and suggests that third-quarter inflation figures will fall short of expectations.
The U.S. dollar faced challenges on Thursday as it struggled to maintain its position amidst weak economic data and the looming possibility of a significant interest rate cut by the Federal Reserve. The Dollar Index, which tracks the greenback against other major currencies, was down by 0.2% at 101.139, signaling a retreat from its recent
In recent trading sessions, the U.S. dollar has shown signs of strength, reaching a two-week peak against the euro. This surge in the dollar’s value can be attributed to investors bracing themselves for a week filled with significant data releases, including the highly anticipated U.S. payrolls report scheduled for Friday. The EUR/USD pair remained relatively
The U.S. dollar is currently experiencing a slight dip, although it has managed to remain near its almost two-week high. As of 18:40 EST (22:40 GMT), the U.S. dollar index has decreased by 0.1% to 101.64. The EUR/USD exchange rate remains relatively stable at 1.1070. These fluctuations come as investors shift their focus towards the
The upcoming U.S. election is expected to have a significant impact on currency markets, with Citigroup strategists predicting a bullish outlook for the U.S. dollar. While the election is a key factor, other elements such as Federal Reserve policy, recession risks, and global economic conditions are also important considerations. Trade and Tariff Policies One of
The US dollar is currently facing the heat of numerous factors that are contributing to its downward trajectory. According to analysts at UBS, the outlook for the greenback remains bearish due to a combination of narrowing interest rate differentials, concerns regarding the US fiscal deficit, and shifting global monetary policies. This has led UBS to
The US dollar saw a notable uptick in its value after the release of key economic data, which showed that a crucial inflation measure in the country had met expectations. This development, paired with an increase in personal spending and income, fueled market speculation regarding the Federal Reserve’s next move on interest rates. The likelihood