USD: Brief period of strength for now, gradual depreciation later this year – Wells Fargo DollarIndex Fed UnitedStates Growth Banks
has just become more uncertain. Economists at Wells Fargo expect the US Dollar to stay strong in the short term. Nevertheless, the greenback is set to weaken later this year.“Given resilient growth and further monetary tightening in early 2023, we see a brief period of USD strength for now.”
“However, our longer-term outlook remains for gradual US Dollar depreciation later this year, as the US falls into recession and theInformation 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. You should do your own thorough research before making any investment decisions.
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