The US Dollar Index (DXY) has risen slightly as market prices for Fed easing in 2024 are discounted. Economists at Societe Generale They analyze the prospects of the Dollar.
The Fed is unlikely to drastically ease its monetary policy
The US economy appears to have escaped a recession, and while that won't be an obstacle to easing monetary policy in 2024, it means the Fed is unlikely to ease dramatically, reducing downward pressure on the economy. Dollar.
Regardless of the actual policies that the Trump or Biden presidencies may adopt (not to mention the possibility that one or the other will not be on the ballot in November), the increased uncertainty and increased tail risks will likely They will be a support for the USD.
It looks like the DXY will trade in a range of 100.00-110.00.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
