Positive Outlook for EUR/USD in the Coming Year

24 thg 12, 2023

The swifter interest rate cuts in the United States compared to elsewhere signal a more pronounced weakening of the dollar. The U.S. interest rate reductions are also expected to bolster the global economy, commodity and energy prices, as well as risk sentiment. Consequently, risk-sensitive currencies like NOK and SEK are anticipated to perform well in the near future. However, there are numerous uncertainties on the horizon, including underlying government debt issues, the U.S. Presidential election, and geopolitical challenges. Many of these factors could potentially strengthen the USD beyond our initial predictions.