The Economists at Bank of America Global Research expect the US dollar to hold steady into early 2023 but decline as the year progresses.either.
USD positive forces hold but will gradually fade
“For now, the forces that have supported the USD this year remain valid, despite the recent downward correction.”
“In our baseline, the USD remains strong into early next year and begins a more sustained downside after the Fed pause.”
“We expect EUR/USD to be at parity and USD/JPY at 146.00 by Q1 2023. However, in our baseline the USD gradually weakens from the second quarter, up to 1.10 for EUR/USD and up to 135 for USD/JPY by the end of 2023, with our EUR/USD forecast above consensus.”
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.
