• US Dollar to see some unwinding of past decade gains – Citi

Noticias del mercado

23 junio 2023

US Dollar to see some unwinding of past decade gains – Citi

Economists at Citi share their view on the Dollar.

USD may weaken

In the coming two years, we expect the Fed to unwind half of its tightening steps while other central banks stay relatively steady. This creates potential opportunities for non-US equity returns which are poised to gain from currencies when they appreciate against the US Dollar.

At present valuation levels – and the already deep penetration of the US Dollar in portfolios and trade – forward-looking fundamentals simply suggest some unwinding of the USD’s past decade of gains.

 

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