A Reuters poll reported The US dollar could recover Against a number of other currencies within the next year, due to growing concerns about the possibility of an economic recession in the US, which increases the demand for the US dollar as a safe haven in times of economic turmoil.
In light of expectations on the current trend in US monetary policy, it cannot be said that there is much room for the US dollar to rise, referring to the possibility that the US Federal Reserve will raise interest rates by only 50 basis points.
The survey also addressed some expectations regarding the trading of certain currencies against the US dollar as follows:
- The GBP/USD is down about 5% to trade near the 10.16 level over the next three months.
- Holding its level above 7.0 against the US dollar over the next six months.
- a loss of about 3% by the end of next February; To trade near $1.02.
Related posts:
Saudi market: A study of stocks and currencies that recorded the lowest price in 52 weeks
Citroen C3 in front against a camper, a dead man and 2 seriously injured women
US Factory Activity Contracts for Ninth Consecutive Month Amid Global Weak Demand and High Interest ...
A meeting to put aside differences between Jumblatt and Hezbollah
