Reported 1 day ago
Wall Street analysts anticipate further gains in the US dollar, driven by a robust economy and dwindling expectations for interest-rate cuts, coinciding with President-elect Donald Trump's aggressive tariff plans. Major banks, including Goldman Sachs and Deutsche Bank, see the dollar continuing to strengthen, with speculative traders significantly increasing bullish bets. As the dollar approaches previous highs, traders remain optimistic despite its historically high valuation, with analysts adjusting forecasts to predict a potential 5% rally over the coming year.
Source: YAHOO