Currency
Dollar Could Recover Further as Recent Falls Look Overdone
The dollar has room to recover further as its recent selloff looks overdone, Ebury strategist Matthew Ryan said in a note.
U.S. economic data have been disappointing but not disastrous, he said. Thursday’s data on initial jobless claims, existing home sales and manufacturing sentiment all exceeded expectations.
“At the same time, inflation remains stubbornly high, and upside risks to consumer prices from President Trump’s tariffs (while likely temporary) should not be overlooked,” he said.
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