XAUUSD: USB believes that the attractiveness of USD will decline
Updated
UBS: In 2024, the USD will become less appealing.
Based on comparatively solid US economic data, UBS believes that the dollar will be maintained in the upcoming months. But, given the notable slowdown in US economic statistics and the Fed's policy stance, we also need to be cautious about the possibility that the USD would fall slightly as 2024 approaches. Right now, UBS is trying to sell USD.
"We anticipate a sharp slowdown in economic growth over the next several quarters, with a mid-year estimate of roughly 0.5%."
Only anticipate a +0.3% GDP in 2024.
By the end of 2024, it is anticipated that the unemployment rate would increase to 5%.
The Federal Reserve will gradually drop the federal funds rate in March before raising it in the
Based on comparatively solid US economic data, UBS believes that the dollar will be maintained in the upcoming months. But, given the notable slowdown in US economic statistics and the Fed's policy stance, we also need to be cautious about the possibility that the USD would fall slightly as 2024 approaches. Right now, UBS is trying to sell USD.
"We anticipate a sharp slowdown in economic growth over the next several quarters, with a mid-year estimate of roughly 0.5%."
Only anticipate a +0.3% GDP in 2024.
By the end of 2024, it is anticipated that the unemployment rate would increase to 5%.
The Federal Reserve will gradually drop the federal funds rate in March before raising it in the
Comment
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