US Dollar to weaken starting in mid-2023 – Wells Fargo – by MSalordFX DollarIndex Banks Currencies
market participants begin to anticipate eventual policy easing in the US, they believe the greenback will start to trend lower beginning in mid-2023.“The over-arching theme for most of 2022 was that of U.S. dollar strength. In fact, the Federal Reserve's trade-weighted dollar index is up nearly 6% on balance since the beginning of 2022. We expect this theme of U.S. dollar strength to persist in early 2023 as U.S.
“In that sense, we believe 2023 could be ripe for emerging market currencies to not only recover against the U.S. dollar, but also outperform relative to G10 currencies.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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