The U.S. dollar may struggle to rise past its current levels through the end of 2022, given the likelihood of an almost two-year gap between when the Federal Reserve may start tapering its bond purchases and its first interest rate rise.
The U.S. dollar may struggle to rise past its current levels through the end of 2022, given the likelihood of an almost two-year gap between when the Federal Reserve may start tapering its bond purchases and its first interest rate increase.
Read: Global currency market seen as the premiere way to trade central banks’ pandemic-era policy divergence The greenback began this year by defying widespread bets that it would drop in 2021 on a broad vaccination-led global recovery and stimulus-fueled expansion of the U.S. deficit. But since then, for the past three months, the U.S. currency has traded in a confined range. One big reason is the emergence of the stagflation theme in markets, and another is that much of what happens to the dollar depends heavily on what else is going on in the rest of the world.
France Dernières Nouvelles, France Actualités
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