The economic outlook has just become more uncertain. Economists at Wells Fargo expect the US Dollar to stay strong in the short term. Nevertheless, the greenback is set to weaken later this year.
“Given resilient growth and further monetary tightening in early 2023, we see a brief period of USD strength for now.”
“However, our longer-term outlook remains for gradual US Dollar depreciation later this year, as the US falls into recession and the Fed cuts rates in late 2023.”
© 2000-2023. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.