Bank of America: The dollar may remain strong in the short term, but is expected to weaken in the second half of the year
the US dollar is the most overvalued G-10 currency. Due to the inflation policy prospects of US President-elect Donald Trump, the dollar may remain strong in the short term, according to Athanasios Vamvakidis, a foreign exchange strategist at Bank of America. He said that after strong US data and Trump's election victory, market expectations for a Fed rate cut have weakened, and the dollar's recent strength has reached a "historical extreme". The dollar is expected to remain strong in the first half of 2025. However, due to Trump's policies (including trade tariffs) "affecting the US economy, while other countries in the world react", the dollar may weaken in the second half of the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Commissioner Slams Ripple Settlement as Legal Battle Nears End
A senior U.S. Securities and Exchange Commission (SEC) official has criticized a proposed settlement between the agency and Ripple Labs, potentially marking the final chapter of a years-long legal dispute over the XRP token.
Zerebro Developer Reported Alive Days After Alleged On-Camera Suicide
The mysterious case of Zerebro’s 22-year-old developer, who appeared to shoot himself during a livestream on May 4, took a dramatic turn after he was reportedly seen alive outside his family home in San Francisco.
AI DApps Surge in Activity, Poised to Rival Gaming and DeFi in Web3 Dominance
Artificial Intelligence-powered decentralized applications (DApps) are rapidly gaining ground in the Web3 ecosystem. They may soon challenge the dominance of Gaming and Decentralized Finance (DeFi), according to fresh insights from blockchain analytics firm DappRadar.
Bitcoin ETF Inflows Surge to Record $40.62 Billion
Trending news
MoreCrypto prices
More
