The US dollar is facing increasing downward pressure in the upcoming months, with analysts at UBS expressing a bearish outlook for the greenback. This negative forecast is driven by multiple factors, including narrowing interest rate differentials, concerns over the growing US fiscal deficit, and shifting global monetary policies. As a result, UBS has downgraded the
Forex
The U.S. election is widely regarded as a significant factor that could influence the strength of the U.S. dollar in the coming months. Citi strategists have reiterated their view that the election is “US dollar positive,” attributing this to various factors such as trade and tariff policies. The potential for increased tariffs, especially towards China,
Following the release of key inflation data, the U.S. dollar experienced gains in the market. This increase was attributed to personal spending and income reports that supported the notion that the Federal Reserve would opt for a 25 basis point rate cut next month instead of a more aggressive 50 bps. Market participants had initially
The U.S. dollar showed signs of recovery on Friday, making gains after a five-week losing streak. The Dollar Index, which measures the dollar against a basket of other currencies, rose slightly by 0.1% to 101.314. This positive movement comes after the dollar reached its highest level since August on Thursday, hitting 101.58. Despite this week’s
The U.S. dollar has managed to edge higher after hitting a 13-month low earlier in the week. The Dollar Index, which measures the greenback against a basket of other major currencies, rose by 0.2% to 101.182. This rebound is partially attributed to the dollar’s safe-haven status amidst growing concerns about trade tensions between China and
The dollar has been struggling against a basket of peers, hovering near its lowest level in more than a year. The focus of the market is primarily on the anticipated U.S. interest rate cut next month. With Sterling trading close to multi-year highs, the market sentiment seems to be cautious yet optimistic. Cryptocurrency bitcoin witnessed
The recent imposition of Canadian trade tariffs on China has sent shockwaves through the Asian currency market, leading to a weakening of most regional currencies. This move has exacerbated fears of a potential trade war, adding to the existing geopolitical tensions in the Middle East, Libya, and Ukraine. As a result, investors are turning to
The Asian currency market experienced a firming trend on Monday, particularly with the Japanese yen rising sharply against the dollar. This movement was largely driven by increasing bets that the Federal Reserve may cut interest rates in September. The dollar, in turn, hit 13-month lows as a result of these expectations. Fed Chair Jerome Powell’s
The U.S. dollar has been experiencing a downward trend in early European trade, signaling a potential shift in the currency market. This decline comes amidst anticipation of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. Analysts speculate that Powell may hint at a future interest rate cut, a move that has been
The recent fluctuations in the value of Asian currencies have been closely tied to the movements of the US dollar. As the dollar rose from seven-month lows, most Asian currencies experienced a weakening trend. This can be attributed to some bargain buying as traders took advantage of the temporary strength of the greenback. However, the