- Analytics
- News and Tools
- Market News
- US Dollar still heading toward a depreciation path longer term – Wells Fargo
US Dollar still heading toward a depreciation path longer term – Wells Fargo
Analysts at Wells Fargo point out the US Dollar can trade around current levels during the second quarter, and see it depreciating during the second half of 2023.
Key quotes:
“The U.S. dollar is experiencing multiple cross-currents that can result in a stable greenback through the end of Q2-2023. Longer term, we believe the Fed will lower interest rates more aggressively than peer central banks, which can place broad depreciation pressure on the dollar over the second half of 2023 and into 2024.”
“We also believe emerging market currencies can continue to experience widespread currency strength going forward, with the best opportunities existing within high yielding currencies in Latin America and Emerging Europe.”
© 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
