Sky is the limit for the US Dollar – Commerzbank
|There is still room for USD upside, economists at Commerzbank say.
The Dollar is unlikely to fall significantly again
The gap between market and FOMC expectations for rate cuts has almost disappeared since the turn of the year, after having priced in significantly more rate cuts last year than the FOMC had anticipated going forward.
Now that the market and the Fed seem to be on the same page, one thing should be clear: until we see data that suggests cracks in the Fed's current story, the Dollar is unlikely to fall significantly again. As a result, it is likely to remain difficult for market participants betting on a weaker US Dollar.
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.