The Indian rupee will remain in a tight range and appreciate only slightly against the U.S. dollar over the coming year as the Reserve Bank of India continues to intervene in currency markets.
Most emerging market currencies will struggle to recoup this year s losses against the dollar in coming months as expectations for aggressive rate cuts from the U.S. Federal Reserve diminish, a.
A resurgent dollar is more likely to stay strong than not over the coming months, according to foreign exchange strategists polled by Reuters, as markets reassess how soon the Federal Reserve may.
The Canadian dollar is set to strengthen over the coming year if the U.S. Federal Reserve cuts interest rates as expected, but its gains could be held in check as mortgage renewals weigh on.
A resurgent dollar is more likely to stay strong than not over the coming months, according to foreign exchange strategists polled by Reuters, as markets reassess how soon the Federal Reserve may cut interest rates. Various Fed officials pushed back on rampant market speculation for a rate cut in March, with the probability now down to less than 20% from a peak of around 90%, according to rate futures. A blowout U.S. jobs report for January, clear hints from the U.S. central bank after the end of a policy meeting last week, and a follow-up television interview with Fed Chair Jerome Powell have quashed most remaining hopes of early rate cuts.