Reported 2 days ago
Market analysts suggest that the US dollar's ongoing downtrend remains 'intact' due to several factors, despite a recent technical relief rally. Elias Haddad from Brown Brothers Harriman points to potential stagflation risks in the US economy caused by rising tariffs, the Trump administration's preference for a weaker dollar to address trade imbalances, and diminishing confidence in US fiscal and trade policies. These elements contribute to the expectation that the dollar's fundamental outlook remains bleak.
Source: YAHOO