In March, the world reserve currency rushed up and reached multi-year highs even despite the collapse of stock markets and bonds close to disaster. A month has passed, the dollar is still strong and enjoys the status of a safe asset.
But some analysts and investors are sure that the trend will change soon due to the policies of the world central banks aimed at increasing dollar flows in the financial system. In addition, the US Federal Reserve lowered rates much lower than other central banks in large economies. This will also increase pressure on the dollar, experts are sure.
In the near future, the dollar is unlikely to become much cheaper, partly due to nervousness and uncertainty in the markets. Goldman Sachs analysts said they expect the dollar to rise against the euro in the short term. But the Fed’s aggressive reaction to the crisis could lead to a weakening of the US currency by the end of the year, said Mark McCormick, head of currency strategy at TD Securities.
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#fibogroup #forex #forexnews #economy #finance #trader #US #dollar #crisis
But some analysts and investors are sure that the trend will change soon due to the policies of the world central banks aimed at increasing dollar flows in the financial system. In addition, the US Federal Reserve lowered rates much lower than other central banks in large economies. This will also increase pressure on the dollar, experts are sure.
In the near future, the dollar is unlikely to become much cheaper, partly due to nervousness and uncertainty in the markets. Goldman Sachs analysts said they expect the dollar to rise against the euro in the short term. But the Fed’s aggressive reaction to the crisis could lead to a weakening of the US currency by the end of the year, said Mark McCormick, head of currency strategy at TD Securities.
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#fibogroup #forex #forexnews #economy #finance #trader #US #dollar #crisis
