Further downside in the near term, but USD to stabilize by mid-year – Charles Schwab DollarIndex Banks Fed
The decade-long bull market in the US Dollar may be leveling off, but economists at Charles Schwab do not anticipate a major bear market in 2023.“For the Dollar in 2023, we look for further downside in the near term, but expect it to stabilize by mid-year.”
“A reasonable target would be the average of the range that prevailed prior to the pandemic, or about 3% to 5% lower.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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