USD to extend its rally for the rest of the year before pulling back in 2023 – DBS Bank

Economists at DBS Bank see the US dollar extending its uptrend into the end of the year before consolidating in 2023.

USD to stay strong for the rest of the year

“The Federal Reserve’s continued rate hikes should keep the US dollar strong for the rest of 2022.”

“Expected peak and pause in the Fed hike cycle in 2023 could cool USD, barring financial stress and a hard landing.”

See – Fed: Key interest rate to peak at 5.00% in Q1 2023 – Commerzbank