• Tactical USD upside for now – CIBC

Noticias del mercado

7 agosto 2023

Tactical USD upside for now – CIBC

Economists at CIBC Capital Markets explain why near-term USD rallies should be faded over the long-term.

The degree of dissonance between the Fed and the market remains stark

Greater dissonance between the Federal Reserve and the market alongside liquidity risks portend near-term USD strength. 

USD sellers should still look at rallies to get active over the medium-term.

DXY – Q3 2023: 103.23 | Q4 2023: 100.42

See: USD vulnerable on expectations that the Fed will not need to raise rates further this year – MUFG

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