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Opinion: Policy Uncertainty and Fiscal Pressure May Lead to Continued Decline in the US Dollar
Summary: In response to policy uncertainty and increased fiscal pressure, economist David A. Meier of Bao Sheng Group suggests that the US dollar may continue its downward trend. Since reaching its peak in September 2022, the dollar has depreciated by approximately 15%, with recent US policy decisions further impacting its value and prolonging the bear market. ...
In response to policy uncertainty and increased fiscal pressure, economist David A. Meier of Bao Sheng Group suggests that the US dollar may continue its downward trend. Since reaching its peak in September 2022, the dollar has depreciated by approximately 15%, with recent US policy decisions further impacting its value and prolonging the bear market. The safe-haven status of the dollar is currently uncertain, as it tends to weaken when the US becomes a source of risk aversion. Meier adds that while the possibility of negative news causing volatility remains high, a convergence in unstable policy-making could restore market confidence in the dollar and create a positive risk scenario.
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Link: Opinion: Policy Uncertainty and Fiscal Pressure May Lead to Continued Decline in the US Dollar [Copy]
