The U.S. dollar will remain strong over the coming months as financial markets continue to push back on expectations for the timing and magnitude of Federal ...
BENGALURU - The U.S. dollar will remain strong over the coming months as financial markets continue to push back on expectations for the timing and magnitude of Federal Reserve interest rate cuts, according to foreign exchange strategists polled by Reuters.
But that is markedly lower than the nearly 150 basis points of cuts markets were expecting earlier this year, suggesting the dollar was likely to stay dominant in the near-term. The euro, trading around $1.08 on Wednesday, was expected to gain about 1.0% to $1.09 by the end of June, making small inroads into a 2.3% loss so far this year. It was then forecast to strengthen another 1.0% to $1.10 in six months, according to median forecasts from 90 foreign exchange analysts.
The last time they intervened was when the currency fell to lows near 152 per dollar in October 2022. Trump’s social media platform says it’s above ‘traditional key performance indicators.’ An auditor has substantial doubt it can continue as a going concern
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