• USD to retain a weaker profile next year - Rabobank

Notícias do Mercado

21 dezembro 2020

USD to retain a weaker profile next year - Rabobank

FXStreet suggests that for financial markets the pandemic has meant unprecedented levels of fiscal and monetary policy support. Real yields have dropped in the US and this has resulted in a weak USD. According to economists at Rabobank, the US dollar is set to remain on the back foot into 2021.

“Since investors are anticipating that central banks are ready to use expanding balance sheets to protect them from the downdraught of bad economic news, it seems likely that sell offs could run into good support. This implies that the USD is likely to remain soft against a basket of currencies in the New Year.” 

“Few central banks will welcome an appreciation in their currencies vs the USD. This suggests very generous policy settings from a number of central banks and a hint of a currency war theme.”

“The Fed has encouraged the consensus to expect that it is willing to lean on the yield curve to ensure rates remain low until it is comfortable that it has made further progress towards its targets for maximum employment and price stability. Real interest rates in the US could remain low for a protracted period.”

O foco de 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 Conta Demo e Página Pessoal
Compreendo e aceito a Política de Privacidade e concordo que os meus dados sejam processados pela TeleTrade e usados para os seguintes efeitos: