Amundi downgrades its US dollar stance to "cautious," expects further rate cuts from the Federal Reserve
ChainCatcher News, according to Golden Ten Data, analysts from Amundi stated in a report that the US dollar is facing structural headwinds this year, and the Federal Reserve is expected to cut rates two more times this year. The analysts slightly raised their growth forecast for 2026 from 1.9% to 2%, but the overall narrative remains one of growth below potential. Uncertainty regarding the next Federal Reserve Chair still exists, and considering President Trump's push for loose monetary policy, it is clear they will lean towards rate cuts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australian Dollar holds above 0.7050 as hot CPI boosts RBA hike bets
Commodity cost headwinds increase to 2.5 billions USD, Ford Motor (F.US) sees core profit edge up 4% against the trend in Q3 and raises its annual guidance lower limit
Ford's Q3 adjusted EPS exceeded expectations by 20%, and the company raised the lower end of its full-year profit guidance to $10.5 billion; however, revenue slightly missed expectations, causing shares to fall nearly 2% after hours.
Crypto prices
More
