- US Dollar to see a cyclical fall in the second half of the year – Natixis
Market news
23 June 2023
US Dollar to see a cyclical fall in the second half of the year – Natixis
The Dollar will continue its cyclical decline, according to economists at Natixis.
Fed’s rate cuts expectations will reappear as inflation continues to decelerate
We still favour a cyclical fall of the Dollar in the second half of the year, bearing in mind that the US economy is likely to slide into recession under the effect of a marked tightening of banks’ credit conditions.
Moreover, Fed’s rate cuts expectations will reappear as inflation continues to decelerate and thus once again weigh on the USD.
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