From a recent low in mid-July, the US Dollar has appreciated by around 6% against the Euro, with the Dollar Index (DXY), a basket of six major currenc
Until the year-end, we now expect the US Dollar to trade sideways against most currencies.
But looking further ahead, relative growth dynamics are likely to run against the US Dollar in 1H24. The US economy has yet to bottom, while Europe and China already have. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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