Bank of America: Dollar may remain strong in the short term, but is expected to weaken in the second half
2025-01-08 14:37:24
Dollar overvalued 10 currency due united states elected presidentdesk3cryptocurrencydesktopCrypto News
The dollar, the most overvalued G-10 currency, is likely to remain strong in the short term due to President-elect Donald Trump's inflationary policy outlook, Bank of America foreign exchange strategist Athanasios Vamvakidis said in a note. He said the dollar's recent strength had reached "historic extremes" following strong US data and weaker market expectations of a Federal Reserve rate cut following Trump's election victory. The dollar should remain strong in the first half of 2025. However, the dollar is likely to weaken in the second half as Trump's policies, including trade tariffs, "take their toll on the US economy and the rest of the world responds".
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美银：美元短期内可能保持坚挺 但预计在下半年走弱Next article：
CoinList已移除240万个机器人及欺诈账户
