Bilal’s Macroscope: Do Not Fight Dollar Strength – Euro Could See Parity
- By Bilal Hafeez
- 3 min read
It is so tempting to think the dollar rally is over. It has bounced 5% since mid-July. The Fed seems to be wavering on future hikes, and investors returning from summer vacation feel like they have missed the move. But here are five reasons why dollar strength will likely continue, which could see the euro head to 1.05, or even parity, and USD/JPY reach 150 or higher.
It is so tempting to think the dollar rally is over. It has bounced 5% since mid-July. The Fed seems to be wavering on future hikes, and investors returning from summer vacation feel like they have missed the move. But here are five reasons why dollar strength will likely continue, which could see the euro head to 1.05, or even parity, and USD/JPY reach 150 or higher.
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