- Analytics
- News and Tools
- Market News
- US Dollar to remain well supported – MUFG
US Dollar to remain well supported – MUFG
The US Dollar was the top performing G10 currency on Tuesday. Economists at MUFG Bank analyze Greenback’s outlook.
A much higher-than-expected CPI print would pressure global equity markets further lower
In this global backdrop, it is highly likely that the US Dollar will remain well supported.
If risk aversion intensifies again today and into the US CPI data on Thursday, a worst-case scenario would be for a much higher-than-expected CPI print that would likely pressure global equity markets further lower. To us, a much stronger CPI print seems unlikely with rental disinflation only just about to unfold.
© 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
