The US greenback continues to pass higher. Economists at Commerzbank accept as true with that a robust dollar is basically justified.
Strong, stronger, too strong?
“The outlook for the US greenback stays positive. Yes, the large price hikes are commencing to have an effect, as today’s housing market statistics in precise is probably to underline. But order consumption and patron self assurance are additionally probably to illustrate that the actual monetary surroundings stays particularly robust.”
“Further charge hikes will be required to get a grip on inflation. The Fed’s willpower is the most necessary component assisting the dollar.”
“It can’t be unnoticed that the greenback is buying and selling at report tiers on a trade-weighted basis. However, modern-day alternate charge ranges are essentially justified.”