- Analytics
- News and Tools
- Market News
- Gradual USD depreciation later this year, more pronounced weakness in 2024 – Wells Fargo
Gradual USD depreciation later this year, more pronounced weakness in 2024 – Wells Fargo
Economists at Wells Fargo believe the US Dollar can stabilize through Q1-2023. Longer term, the greenback is set to depreciate.
US growth resilience and hawkish Fed policy should come to an end by H1-2023
“The USD should experience a prolonged period of depreciation, as relative growth and monetary policy fundamentals should become less supportive of the greenback over time.”
“US growth resilience and hawkish Fed policy should come to an end by the first half of this year and, with it, an end to USD resilience. Initially, we expect USD depreciation will be gradual later this year as the US falls into recession during the second half of 2023, but the Federal Reserve hesitates from lowering interest rates prematurely.”
“We expect the USD's depreciation to gather pace in 2024 once the Fed starts cutting interest rates aggressively.”
© 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
