What's next for the dollar after upswing confounds analysts?

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What's next for the dollar after upswing confounds analysts?

seekingalpha2021-04-09

Going into 2021, almost every sell side analyst suggested the dollar would weaken this year, but the U.S. currency hassurprisingly appreciated instead. The ICE U.S. Dollar Index, a measure of the ...

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Milvis
·2021-04-09
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Bobthebuild
·2021-04-09
Will it rise
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- Ola5528:
  Hope it holds steady - a major plunge would have significant impact on markets
  2021-04-09
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boonsmoods
·2021-04-09
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The ICE U.S. Dollar Index, a measure of the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3680584-whats-next-for-the-dollar-after-upswing-confounds-analysts\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://seekingalpha.com/news/3680584-whats-next-for-the-dollar-after-upswing-confounds-analysts","article_id":"1139015410","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139015410","pubTimestamp":1617947018,"sourceInfo":null,"weMediaInfo":null,"summary":"Going into 2021, almost every sell side analyst suggested the dollar would weaken this year, but the","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"translate_title":"美元的上涨让分析师感到困惑之后，下一步将会是什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9},"content_text":"Going into 2021, almost every sell side analyst suggested the dollar would weaken this year, but the U.S. currency hassurprisingly appreciated instead. 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A robust U.S. economic performance could also mean divergence in monetary policy, with the Fed tightening monetary policy relatively more quickly than the ECB. \"That could see the pace of dollar appreciation accelerate this year,\" BofAwrotein a recent research note.While some analysts acknowledge they were quick to make forecasts, others aren't giving in. \"We do not think that the long-term outlook for the dollar has changed,\"saidCalvin Tse, a currency analyst at Citi, who still feels the currency could fall as much as 20%. However, Goldman Sachs this weekcanceled its short callon the dollar, saying after a \"choppy few months we are closing our recommended dollar short trade.'Outlook: The next move for the greenback may depend on whether the Fed will let the economy run hot. Last month, policymakers signaled expectations for interest rates that be kept at near zero through 2023, but some money markets are already positioning for a rate rise as soon as next year. 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