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- Fed’s determination is the most important factor supporting the US dollar – Commerzbank
Fed’s determination is the most important factor supporting the US dollar – Commerzbank
The US dollar continues to move higher. Economists at Commerzbank believe that a strong greenback is fundamentally justified.
Strong, stronger, too strong?
“The outlook for the US dollar remains positive. Yes, the significant rate hikes are beginning to have an effect, as today’s housing market data in particular is likely to underline. But order intake and consumer confidence are also likely to illustrate that the real economic environment remains relatively robust.”
“Further rate hikes will be required to get a grip on inflation. The Fed’s determination is the most important factor supporting the dollar.”
“It cannot be overlooked that the dollar is trading at record levels on a trade-weighted basis. However, current exchange rate levels are fundamentally justified.”
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