USD to weaken further over the longer term – HSBC DollarIndex Banks Fed UnitedStates
“Markets are currently debating what the recent run of better-than-expected US data means for risk sentiment: The ‘risk off’ and USD bullish angle is that a strong US labour market is supporting consumption, keeping inflation levels elevated , which will force theto act more aggressively than what the rate market has priced in.
“We believe this debate will continue over the near term, meaning that the USD is likely to remain choppy. We also expect further deceleration in inflation and measured increases in the unemployment rate to decisively favour the ‘risk on’ narrative and USD weakness, as the year progresses.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week \u2013 GBP/USD, EUR/USD, NZD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of February 19th, 2022 here.
Read more »
Trading Support and Resistance \u2013EUR/USD, GBP/USDThis week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Read more »
Silver Price Forecast: XAG/USD tumbles below $21.60 as USD Index recovers amid geopolitical tensionsSilver price (XAG/USD) has delivered a vertical fall to near $21.55 in the Tokyo session. The white metal tumbled like a house of cards as the escalat
Read more »
AUD/USD kisses 0.6900 as USD Index extends losses, RBA and FOMC minutes hog limelightAUD/USD touched the round-level resistance of 0.6900 in the early European session. The Aussie asset has been strengthened as investors have shrugged-
Read more »
GBP/USD surrenders modest intraday gains amid modest USD uptick, holds above 1.2000 markGBP/USD surrenders modest intraday gains amid modest USD uptick, holds above 1.2000 mark – by hareshmenghani GBPUSD Recession Fed BOE Currencies
Read more »
NZD/USD sticks to intraday gains, remains below mid-0.6200s amid modest USD strengthThe NZD/USD pair attracts some buyers near the 0.6220 area on Monday and snaps a four-day losing streak to its lowest level since January 6. The pair
Read more »