DXY weakened before FED's tone
US dollar continues to weaken due to Fed's dovish stance
After the FOMC meeting in December, the Fed acknowledged that discussions about rate cuts had begun, hinted at the possibility of easing, and then became more optimistic about the outlook for inflation. Next year it will be 75 basis points.
With confidence rising, the market expects the Fed to prioritize economic growth over price stability and cut interest rates several times in 2024. Meanwhile, government bond yields are likely to continue falling. Short-term prices are likely to fall in the short term, putting pressure on the US dollar. Therefore, the DXY index is likely to hit a new low by the end of 2023.
After the FOMC meeting in December, the Fed acknowledged that discussions about rate cuts had begun, hinted at the possibility of easing, and then became more optimistic about the outlook for inflation. Next year it will be 75 basis points.
With confidence rising, the market expects the Fed to prioritize economic growth over price stability and cut interest rates several times in 2024. Meanwhile, government bond yields are likely to continue falling. Short-term prices are likely to fall in the short term, putting pressure on the US dollar. Therefore, the DXY index is likely to hit a new low by the end of 2023.
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