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US dollar to stay bright this year before fading in 2024 -analysts

From nasdaq.com

The dollar's strength will be difficult to overcome for most major currencies by year-end, according to a Reuters poll of forex strategists who said the risks to their greenback outlook were skewed to the upside. Backed by a strong economy and rising U.S. Treasury yields, some of the highest among developed economies, the dollar despite bouts of weakness has stayed resilient against most major currencies. Hitting a six-month peak as jitters over China and global growth weighed on risk appetite and expectations the U.S. Federal Reserve will hold interest rates higher for longer, the safe-haven dollar recovered almost ... (full story)

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  • Category: Fundamental Analysis