U.S. dollar’s strength to persist as markets eye cautious Fed
From Yahoo Finance:
A Reuters poll of foreign exchange strategists indicates that a strong US dollar will likely persist in the near future. Despite predictions for the Federal Reserve’s first interest rate cut to be delayed, the dollar has gained against almost all currencies, up 2.5% this year. Analysts suggest the timing of the Fed’s rate cuts will heavily impact the dollar’s movements. While expectations of a weaker dollar persist in the long term, median forecasts from a poll show little change. The euro is forecasted to rise 3.0% in a year, while the Japanese yen is expected to gain over 9.0%. The Australian and New Zealand dollars are also predicted to increase by 7.3% and 5.0%, respectively, in the coming months.
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