USD Index could see another 2% fall – SocGen DollarIndex Banks
The US dollar has stayed lower. In the opinion of economists at Société Générale, the US Dollar Index could see a fall of another 2%.“The DXY has not managed to revisit last month’s high of 114.78 despite the new high for 2Y UST yields, and that’s certainly not positive.”
“There could be another 1.5-2% in this down-move if we follow the logic of early October, but cheaper levels could attract buyers before the November FOMC.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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