- Analytics
- News and Tools
- Market News
- Coronavirus: USD will strengthen further in the near-term – Danske Bank
Coronavirus: USD will strengthen further in the near-term – Danske Bank
FXStreet reports that Thomas Harr, PhD, Global Head of FI&C Research at Danske Bank, analyzes the depth of the current recession, the chance that it will be short-lived and implications for markets.
"This week, it has become evident that the recession is deep."
"The recession is extraordinarily deep and much deeper than the worst months in the global financial crisis in 2008-09. However, there is still a chance that the recession will be short-lived."
"I still think that policymakers in Europe and the US could do more to contain the virus outbreak in terms of testing and contact tracing."
"Near-term, I expect the USD will strengthen further due to elevated market stress and USD shortage. There will be a point where economic expectations stabilise and market stress eases, at which point the USD will fall, but we are not there yet."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
