Another year of dollar dominance ahead as the Fed lifts rates | Citypress

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Another year of dollar dominance ahead as the Fed lifts rates | Citypress
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Another year of dollar dominance ahead as the Fed lifts rates

Nearly two-thirds of 49 foreign exchange strategists polled by Reuters between January 4 and 6 said interest rate differentials would dictate sentiment in major foreign exchange markets in the near term, with only two concerned about new coronavirus variants.

There’s been a lot of US dollar strength of late, mainly driven by the widening interest rate differentials and inflation dynamics in the US relative to other major markets like Japan and Europe. “The macro backdrop looks challenging for emerging market assets,” said Kamakshya Trivedi, co-head of global FX, rates and EM strategy at Goldman Sachs.

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