The Fed will hike interest rates by 25 basis points at its next meeting, but it will be the last one in this tightening cycle. We've been recommending buying the euro.
Depending on the economic indicators, the currency market will be more volatile than before.
I do not think China will take the bold course of doing that. But this persistent speculation could encourage Middle Eastern and other Asian nations to race to diversify their dollar holdings.
The currency market will be more volatile than before. The sensitivity to the upcoming data will be higher than before.
The smaller figure is already a negative factor for the dollar. The dollar is negative, especially against the euro.
The European economy is on course for a good recovery and the ECB is likely to raise rates to 2.75 percent by year-end. The euro is looking more attractive.
We expect an increase of about 300,000 jobs. Strong figures in the data are likely to spur dollar buying.
The expectations are fluctuating day by day, so there's no clear direction at the moment.
The smaller figure is already a negative factor for the dollar. General sentiment for the dollar is negative, especially against the euro.
Copyright © 2024 Electric Goat Media. All Rights Reserved.