The Dollar has been the big loser since the banking turmoil started. Economists at ING expect the EUR/USD to hit 1.15 by the end of the year.
Combination of lower Fed rate expectations and improved risk sentiment is negative for USD
“There is a possibility that we’ll see a scenario in line with current market conditions, where the US banking situation remains troublesome but doesn’t turn into a fully-fledged systemic crisis, and the Fed sticks to some ambiguous communication until a tighter financial environment hits the economy and forces large cuts.”
“In this scenario, further Dollar depreciation seems inevitable, and if the EU banking sector remains broadly shielded, stickier inflation in the Eurozone should force more hikes by the ECB and ultimately a contraction in the USD-EUR rate differentials.”
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن