{"id":165621,"date":"2023-09-30T09:10:19","date_gmt":"2023-09-30T03:40:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=165621"},"modified":"2023-09-30T09:10:19","modified_gmt":"2023-09-30T03:40:19","slug":"the-near-term-risks-are-skewed-towards-additional-usd-strength-ubs-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/the-near-term-risks-are-skewed-towards-additional-usd-strength-ubs-crypto-news\/","title":{"rendered":"The near-term risks are skewed towards additional USD strength \u2013 UBS &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>From a recent low in mid-July, the US Dollar has appreciated by around 6% against the Euro, with the Dollar Index (DXY), a basket of six major currencies, rising by a similar amount. Economists at UBS analyze Greenback\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">Greenback will stay well bid until year-end<\/h2>\n<blockquote>\n<p>Until the year-end, we now expect the US Dollar to trade sideways against most currencies.<\/p>\n<\/blockquote>\n<blockquote>\n<p>We now forecast EUR\/USD, USD\/CHF, and GBP\/USD to trade at 1.06 (previously 1.12), 0.92 (0.87), and 1.20 (1.29), respectively, by end-December. And in Asia-Pacific, we see USD\/JPY and AUD\/USD trading at 145 (previously 142) and 0.65 (0.66), respectively, by end-December.<\/p>\n<\/blockquote>\n<blockquote>\n<p>But looking further ahead, relative growth dynamics are likely to run against the US Dollar in 1H24. The US economy has yet to bottom, while Europe and China already have.<\/p>\n<\/blockquote>\n<blockquote>\n<p>We expect US Dollar strength to peak next year and the Greenback to give up some gains. We reflect this in EUR\/USD, USD\/CHF, and GBP\/USD with our September 2024 forecasts at 1.12 (previously 1.16), 0.87 (0.84), and 1.30 (1.36), respectively. This view requires Europe to stay out of recession and China to stabilize.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: From a recent low in mid-July, the US Dollar has appreciated by around 6% against the Euro, with the Dollar Index (DXY), a basket of six major currencies, rising by a similar amount. Economists at UBS analyze Greenback\u2019s outlook. Greenback will stay well bid until year-end Until the year-end, we now expect the US [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,459,433,641,255,250,252,247,253,249,275,256,254],"class_list":["post-165621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-eurusd","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=165621"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165621\/revisions"}],"predecessor-version":[{"id":165622,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165621\/revisions\/165622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/13689"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=165621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=165621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=165621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}