Fed cuts to lower the DXY below 100 – DBS
|The Dollar Index (DXY) to resume its depreciation into a lower 95-100 range through 2025 on the Fed’s rate-cutting cycle, DBS’s FX analyst Philip Wee notes.
USD to go down in the following year
“We have lowered our forecasts for the USD and US interest rates.”
“Barring shocks to the global economy and financial markets, we see DXY resuming its depreciation into a lower 95-100 range through 2025 on the Fed’s rate-cutting cycle.”
“This follows over 20 months of consolidation in a 100-107 range under the Fed’s ‘high for longer’ rates stance.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.