Dollar to weaken, but US election is a joker – Nordea

==========

Nordea analysts predict that the US dollar will weaken in the future due to lower global interest rates and expectations of more rate cuts in the US. However, they also note that the outcome of the US presidential election and geopolitical challenges could lead to the dollar surprising positively. If Trump is re-elected, the dollar could benefit from its safe-haven status, but deficit worries under Trump could weaken the dollar more than expected. The analysts acknowledge that predicting the outcome of key events and how markets will perceive them is challenging, leading to volatile foreign exchange markets.

https://www.fxstreet.com/news/dollar-to-weaken-but-us-election-is-a-joker-nordea-202401311518