USD to be more stable in 2023 after initial weakness in Q1 – Credit Suisse DollarIndex Banks
Further USD weakness in Q1, followed by a broad range
“Our bias is that this will not be the beginning of a fresh move that takes the USD back to its 2022 highs but rather a rally in what we look to be a broader sideways range that we think could dominate all year, especially given that we have just had two years of strongly“Immediate resistance for a recovery is seen at 105.80/106.00, back above which should further reinforce a range trading environment, with resistance seen next at 107.68/108.00, potentially as far as 110.00/110.45.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week-GBP/USD, EUR/USD, AUD/USD, USD/CHFGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 26th, 2022 here.
Read more »
USD/JPY to extend its fall toward 127.47/27 – Credit SuisseEconomists at Credit Suisse believe USD/JPY has seen an important peak in 2022 and look for further weakness to 127.47/27. USD/JPY has established a m
Read more »
EUR/USD will continue to struggle in 2023, diving to 0.98 – Danske BankEUR/USD has continued its move higher. Economists at Danske bank shift their forecast profile upwards and now expect the pair to move lower to 0.98 in
Read more »
Silver Price Analysis: XAG/USD to advance toward $25 by end-2023 – CommerzbankSilver (XAG/USD) price looks back on a mixed year. Economists at Commerzbank expect the precious metal to enjoy a favourable market situation next yea
Read more »
Here Are the Cars That Will Be Eligible for a $7,500 Tax Credit in 2023At least 31 new 2022 and 2023 EV models qualify for up to $7,500 in tax credits that could be used to defray the cost of purchasing an electric vehicle
Read more »
5 ways to boost your credit score in 2023A better credit score can expand your access to credit and make borrowing more affordable. So what can you do to get your score in shape? Here are a few ways experts suggest boosting credit in the new year.
Read more »