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: 2024.10.04
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DXY: Dollar weakness to resume - DBS
Breaking news
DXY: Dollar weakness to resume - DBS
New
2024.10.04 20:05
2024.10.04 20:05
2024.10.04 20:05
The DXY Index consolidated in a lower 100-107 range, underpinned by the Fed's "higher for longer" rates stance and exceptional US growth. Believing that a further cooling in the US labour market was no longer needed to achieve its 2% target, the Fed started its rate cutting cycle in September, DBS' FX analyst notes.
Time to consider a resumption of the US dollar's depreciation
"We see US growth decelerating to 1.7% in 2025, Fed cutting rates by a further 200 bps to 3%, and DXY Index falling below 100 over the next 12-15 month."
"Next presidential term will begin in 2025 amid a Fed easing cycle, instead of rate hikes; Trump's protectionist policies pose a more significant threat to the global economy while a Harris presidency should be positive for Emerging Asia's currencies."
Last updated
: 2024.10.04
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2024.10.04 20:08Disclaimer:
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