UBS economists expect the US dollar to remain strong before softening as 2024 progresses.
RBA will keep rates elevated until at least Q4 2024
The US dollar looks likely to remain well supported in the coming months thanks to relatively resilient US economic data. But as 2024 progresses, the dollar could weaken slightly in response to slowing US growth and looser Fed policy.
We maintain a neutral view on the US Dollar and believe that investors should try to sell the Dollar on rallies.
We have a more preferential view on the Australian dollar as we see risks of another hike from the Reserve Bank of Australia and expect it to keep rates elevated until at least the fourth quarter of 2024 as it continues to fight inflation.
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.
