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| Name | US dollar will be 'stronger for longer,' strategist says |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 10-04-2024 17:09:53 |
| Video Discription | The US dollar (DX=F) is rising this morning on the back of a hotter-than-expected CPI print. Rabobank Head of FX Strategy Jane Foley joins Yahoo Finance to discuss why the rate cut doubts combined with certain political risks could suggest that the stronger-for-longer dollar could remain. Foley explains that the US economy is more resilient than other major economies, particularly compared to China, and that interest rate differentials are favoring the dollar. Geopolitical concerns could also "create some safe haven bid" for the dollar. The strategist also signals that a potential Trump presidency could impose tariffs with an inflationary effect, sustaining a stronger-for-longer dollar. On the Fed's monetary policy, Foley explains that it is quite difficult to suggest that the Fed should be cutting three times this year. Within the FX space, for the Fed to cut in November Foley indicates a need for more data, but adds that the timing would be "politically difficult" given the election. "If the economic data isn't weak enough by September, maybe [the Fed] won't be able to go until after the election," Foley states. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
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