Window for further USD weakness against the EUR and GBP could prove short-lived – MUFG

Noticias del mercado

19 diciembre 2023

Window for further USD weakness against the EUR and GBP could prove short-lived – MUFG

USD suffers worst sell-off since July but will downward momentum be sustained this time around? Economists at MUFG Bank are sceptical that this US Dollar sell-off can be sustained.

JPY remains best placed to outperform amongst the major currencies

What would be the catalyst for an even more dovish turn for the Fed now with a March rate cut close to priced? We seem to be at peak optimism in terms of Fed cuts next year and a correction seems more likely than not.

The window for further USD weakness against the EUR and GBP could prove short-lived.

The JPY remains best placed to outperform amongst the majors currencies as the Fed, ECB and BoE all begin to lower rates next year.

CAD to underperform alongside USD – MUFG

Fed's Barkin: If inflation comes down as expected, Fed will respond

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