Within the latest interval there was a totally counterintuitive mechanism: the Greenback is a secure haven foreign money and appreciates, even when difficulties come up in the USA, analysts at Natixis report.
Within the spring of 2023, all elements are usually in place for the USD to weaken
“Within the spring of 2023, all of the elements are usually in place for the Greenback to weaken: Very weak development prospects in the USA; Danger of default on US public debt because of the debt ceiling; Banking disaster affecting an increasing number of regional banks; Client confidence indices down in April.”
“Nonetheless, the Greenback is just not depreciating however, quite the opposite, appreciating towards all currencies: the USD is a secure haven even when the USA is in hassle, which is paradoxical.”
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