• 11/26/2024

U.S. Dollar Could Weaken Near Term

Wall Street Journal

The dollar edged lower and Danske Bank Research said declining global real rates, fewer economic surprises from the U.S. and a sharp increase in aggregate long dollar positioning all point to a weaker currency, potentially lifting EUR/USD towards 1.10 in the next 1-2 months.

https://www.wsj.com/articles/yen-mixed-but-may-be-supported-by-fears-of-possible-forex-intervention-d241a5ab