US EditionWall Street Braces for More Investors Dissing Dollar
4 Articles
4 Articles
Wall Street Braces for More Investors Dissing Dollar
While we can’t say there’s ever a bad time for a two-week summer sojourn to Palermo, there certainly have been better times than now. That’s because the US dollar is on a downward slide to its lowest point in roughly three years. While not necessarily a bad thing (unless you’re looking for cheap arancini and bottles of the house cabernet sauvignon), the dip comes just as a couple of other key US economic indicators have begun blinking red, too. …
According to the Bloomberg Agency, Wall Street banks expect the US dollar to lose strength due to interest rate cuts and an economy that is slowing down. In addition, President Donald Trump’s trade policies also have a major impact on this situation. Wall Street banks increase their forecasts of a further weakness of the dollar. YOU CAN SEE: Immigrants in the U.S. receive this good news: in this anti-immigrant state they can have free legal aid …
The headwind for the US dollar has increased significantly this year. Donald Trump's aggressive tariff policy, a possible recession and the prospect of falling interest rates from the US Federal Reserve Fed are burdening the leading currency. Wall Street banks such as Morgan Stanley and Goldman Sachs therefore expect a downturn. [...] The post Why Wall Street expects a deep fall of the dollar appeared first on financial marketwelt.de.
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