Commerzbank says the scope for the US dollar to rise further is limited, saying Trump’s main macroeconomic impacting police s will likely be weaker than the bluster:
import tariffs may well be much less comprehensive than anticipatedon immigration, there will be some deportations but not enough to generate significant wage pressurewhile Trump’s policies are inflationary, the impact will be limited, Federal Reserve to have little need to raise interest rates
Project EUR/USD to 1.05 in March 2025, than back to 1.07 by the end of that year.
This article was written by Eamonn Sheridan at www.forexlive.com.
