- The setback for the USD should prove short-lived – MUFG
Market news
16 tháng 10 2023
The setback for the USD should prove short-lived – MUFG
The USD has suffered a setback in recent weeks after the Dollar Index place peaked at 107.35 on 3rd October. Economists at MUFG Bank analyze Greenback’s outlook.
US data flow remains supportive for higher yields and USD
We expect the USD to consolidate close to recent highs in the coming weeks.
The ongoing run of strong US economic data continues to pose upside risks for the USD and US yields even as Fed rhetoric is acting as a dampener.
See: USD Index can probably grind its way back to the 107.35 high – ING
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