ব্যঙ্গাত্মক বর্ণনা এবং ফরেক্সের প্রবেশদ্বার বিন্যাস
Trump’s policies to boost USD
Once again, the American currency takes the spotlight! Top Wall Street analysts predict the US dollar will rise in 2025. According to Bloomberg, the policies of recently elected US President Donald Trump could boost the dollar by 5%. Well, let us see if the predictions come true!
Currency strategists at Goldman Sachs Group Inc., TD Securities, and Deutsche Bank believe the US dollar will benefit from a resilient economy and cautious Federal Reserve actions regarding further rate cuts. Trump’s plan to impose strict tariffs on imported goods is one more factor pushing the greenback higher.
Currently, the US dollar is just 2.8% below its 2022 peak. Goldman Sachs strategists expect a 5% increase in the dollar over the year. Deutsche Bank analysts predict the euro will fall below parity and trade between 0.95 and 1.05 against the greenback.
“With tariff worries adding uncertainty about global growth and inflation, the Fed is likely to respond by moving to pause rates leading to widening interest rate differentials that favor the dollar,” Amundi’s Upadhyaya said.
Previously, Trump proposed a 10% tariff on all imports from Europe. Let us not forget that European imports hit an impressive €500 billion in 2023. In response, European Central Bank President Christine Lagarde suggested increasing purchases of US goods to avoid a full-blown trade war with the eurozone.
প্রকাশিত 17 January 2025
© InstaFintech Group
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© InstaFintech Group
