• USD more likely to consolidate and stay rangebound in early 2024 rather than fall further – UBS

Noticias del mercado

21 noviembre 2023

USD more likely to consolidate and stay rangebound in early 2024 rather than fall further – UBS

The US Dollar declined further at the beginning of Thanksgiving week. Economists at UBS analyze Greenback’s outlook.

US Dollar to remain around current levels in the months ahead

We expect the US Dollar to stay stable in the first months of 2024, due to robust US economic growth and high US interest rates relative to the rest of the world.

With a sharp narrowing of yield differentials unlikely over this period, we expect a rangebound US Dollar for the first quarter of 2024 and before the USD resumes its weakening against the Euro, British Pound, Japanese Yen, and Swiss Franc.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: