Fed’s determination is the most important factor supporting the US dollar – Commerzbank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
The US dollar continues to move higher. Economists at Commerzbank believe that a strong greenback is fundamentally justified.
“The outlook for the US dollar remains positive. Yes, the significant rate hikes are beginning to have an effect, as today’s housing market data in particular is likely to underline. But order intake and consumer confidence are also likely to illustrate that the real economic environment remains relatively robust.”
“Further rate hikes will be required to get a grip on inflation. The Fed’s determination is the most important factor supporting the dollar.”
“It cannot be overlooked that the dollar is trading at record levels on a trade-weighted basis. However, current exchange rate levels are fundamentally justified.”
[/s2If]
Join Our Telegram Group
