Société Générale: If the Federal Reserve remains on hold this year, the US dollar may stay within a range of fluctuations

Golden Finance News reported on April 7 that, in a report, Société Générale analyst Kit Juckes said that if the Federal Reserve keeps interest rates unchanged for the remainder of this year as expected, the U.S. dollar could see range-bound movement. He noted that the market expects all G10 central banks except the Federal Reserve to raise rates. Although among G10 economies, only Sweden’s projected growth rate for this year is expected to exceed that of the United States, these interest-rate expectations limit the upside of the dollar. And if the Federal Reserve significantly cuts rates against the backdrop of high inflation and a loose fiscal policy, the dollar is likely to fall.