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Mar 30 - 12:55 PM

USD: Rebound To Continue In Next 3-6 Months Before A Resumption Of Secular USD Downtrend - Credit Agricole

By eFXdata  —  Mar 30 - 10:45 AM

Credit Agricole CIB Research discusses the USD outlook and sees a scope for a continued phase of outperformance over the coming months.

"We expect that the USD’s outperformance will continue in the near term as the growth divergence between the US and the rest of the world deepens. The above being said, we doubt that the recent USD gains will culminate into the second coming of King USD – the high-yielding safe haven that reigned supreme in 2018-19," CACIB notes.

"We only see a short-lived USD rebound in the next three to six months and expect this to be followed by a resumption of the secular USD downtrend resuming in the next six to twelve months," CACIB adds. 

Source:
Crédit Agricole Research/Market Commentary

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