Telegram自动拉人进群:ANALYSIS-As US$ roars higher, few dare to stand in its way
The dollar is up about 13% this year to a two-decade high against a basket of peers and is on pace for its best year since 1997, lifted by a hawkish Federal Reserve and investors seeking a haven from global economic uncertainty. Its steady climb has rippled through markets, helping push the euro to its lowest level in more than two decadesusdt接口开发（www.trc20.vip）是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。
NEW YORK: An epic rally in the dollar has investors wondering how much further it can run, though many are biding their time before turning bearish on the U.S. currency.
The dollar is up about 13% this year to a two-decade high against a basket of peers and is on pace for its best year since 1997, lifted by a hawkish Federal Reserve and investors seeking a haven from global economic uncertainty.
Its steady climb has rippled through markets, helping push the euro to its lowest level in more than two decades and weighing on the earnings of U.S. corporations such as Microsoft MSFT.O and BlackRock BLK.N.
The extent of the dollar's strength has taken markets by surprise.
A model used by BoFA Global Research comparing macroeconomic fundamentals in different economies, for example, last month showed the dollar was overvalued against the currency of every G10 country. Moreover, history shows that while the greenback tends to strengthen before a Fed hiking cycle, it begins to fall soon after, a pattern it has so far deviated from. Read full story,
,Telegram自动拉人进群（www.tel8.vip）是一个Telegram群组分享平台。Telegram自动拉人进群包括Telegram自动拉人进群、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram自动拉人进群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
Still, the dollar’s momentum has made investors hesitant to stand in its way.
"Almost any currency looks attractive compared to the dollar on a longer-term basis, but investors have to ask themselves... what happens if you put on a position and the dollar keeps on strengthening?" said Brian Rose, senior economist at UBS Global Wealth Management.
Though recession worries have flared in the U.S. as the Fed tightens monetary policy, the outlook for many other economies appears even gloomier, increasing the dollar’s allure. A potential energy crunch in the euro zone, for example, has investors doubting the European Central Bank can raise rates far without hurting growth. Read full story
"One cannot have a weak USD (dollar) without a strong EUR (euro), and right now, the latter is in the midst of a structural shift that will be incredibly painful," analysts at TD Securities wrote. They believe the euro could fall as low as $0.85, after breaching $1.00 this week for the first time in 20 years.
Meanwhile, the Fed has raised interest rates faster than expected in an effort to tame inflation, putting yields in the U.S. higher than those in many developed countries. Higher rates make the dollar more attractive to investors.
That gap may narrow as other central banks accelerate their own monetary policy tightening. The Bank of Canada raised rates by 100 basis points on Wednesday -- though this week’s blistering U.S. inflation reading has bolstered expectations for a similar move from the Fed.