US Dollar to weaken after Q1 2023 – MUFG DollarIndex
only later in 2023, we will see a sustained turn weaker for the Dollar, according to economists at MUFG Bank.“We do not yet see grounds for a sustained weakening of the USD and expect the coming three-to-four months to be a period of swings back and forth as the fundamental driver of Dollar strength becomes less compelling but equally broader financial conditions remain challenging for a sustained retracement of Dollar strength.
“A peak for the US Dollar may have passed but we would expect swings back and forth between renewed dollar strength and weakness and only later in 2023 will we see a sustained turn weaker for the Dollar.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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