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2023-2025 Exchange Rate Forecasts From Wells Fargo - December Update
On a near-term view, Wells Fargo still sees scope for limited US dollar gains in the early part of 2024, especially given the relative performance. It notes; “The U.S. economy continues to display some resilience for now, while for many international economies (Eurozone, United Kingdom and Canada) growth has either come to a standstill or moved into contraction territory.” Nevertheless, it considers that the decline in US yields and signs of a less robust US economic performance will limit scope for currency gains. According to the bank; “Thus, with or without U.S. recession, further inflation progress that ... (full story)