Citi has expressed a perspective that forecasts a potential weakening of the US dollar in the short term. Despite maintaining a bullish stance on the currency for the next one to two months, the brokerage firm believes that the current market conditions do not support a broad strengthening of the dollar. This outlook suggests that
Forex
UBS, a leading financial firm, has recently recommended investors to sell any potential short-term gains in the US dollar. This advice comes amidst a more bearish stance on the currency for the medium term. UBS foresees a potential corrective rebound in September, especially if the Federal Reserve’s cautious approach to implementing rate cuts aligns with
The recent movements of Asian currencies have been relatively stagnant, with minimal fluctuations observed. This stability comes amidst increasing anticipation of crucial inflation data that could significantly influence the future of U.S. interest rates. The global economic conditions have been a cause for concern, resulting in a decline in risk appetite and subsequent losses in
The Swiss National Bank (SNB) is facing a challenging situation due to the unexpected slowdown in Switzerland’s inflation and the strength of the Swiss franc. Recent data shows that inflation in Switzerland fell to 1.1% year-on-year in August, below the anticipated 1.2%, signaling that third-quarter inflation may be significantly lower than the SNB’s target of
The U.S. dollar faced challenges on Thursday as it struggled to maintain its position in the foreign exchange market. This struggle came after weak economic data surfaced, leading to increased expectations of a significant interest rate cut by the Federal Reserve in the upcoming month. The Dollar Index, which monitors the greenback against a basket
In the current economic climate, investors find themselves on edge as the U.S. dollar recently reached a two-week peak in comparison to the euro. This surge comes amidst anticipation surrounding crucial data releases scheduled for the week, including the highly anticipated U.S. payrolls report set to be unveiled on Friday. The fate of the Federal
The U.S. dollar index experienced a slight decrease but remained in close proximity to its nearly two-week high, as investors shifted their focus towards the upcoming U.S. jobs report due later in the week. At 18:40 EST (22:40 GMT), the U.S. dollar index showed a 0.1% decline, settling at 101.64. Meanwhile, the EUR/USD pair held
The U.S. dollar experienced a slight decline in trading due to the upcoming release of key labor market data that could potentially influence Federal Reserve interest rate decisions. The Dollar Index, which measures the greenback against a basket of other currencies, saw a 0.1% decrease, reaching 101.577 after hitting a peak of 101.79. This movement
The US dollar is expected to face increasing downward pressure in the coming months, according to analysts at UBS. This bearish outlook is driven by a combination of factors, including narrowing interest rate differentials, concerns about the growing US fiscal deficit, and shifting global monetary policies. These factors have led UBS to downgrade the US
While Citi strategists have emphasized the U.S. election as being “USD positive,” there are multiple factors at play that could affect the dollar in the coming months. Trade and tariff policies, in particular, are expected to be significant drivers of a bullish USD outlook, especially if increased tariffs, particularly targeting China, are implemented. This could