- Analytics
- News and Tools
- Market News
- US Dollar looks likely to stay well supported in the coming months – UBS
US Dollar looks likely to stay well supported in the coming months – UBS
Economists at UBS expect the US Dollar to remain strong before softening as 2024 progresses.
RBA to keep rates elevated until at least 4Q24
The US Dollar looks likely to stay well supported in the coming months thanks to relatively resilient US economic data. But as 2024 progresses, the USD may weaken slightly in response to slowing US growth and more flexible Fed policy.
We maintain a neutral view on the US Dollar and believe investors should look to sell the Dollar on rallies.
We have a most preferred view on the Australian Dollar, as we see risks of another hike by the Reserve Bank of Australia and expect it to keep rates elevated until at least 4Q24 as it continues to fight inflation.
© 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
