Investors should not sell the USD before the Fed is actually done hiking – Crédit Agricole

Economists at Crédit Agricole recommend not to sell the Dollar before the Federal Reserve is actually done hiking.

Fed hikes and intensifying recession risks tended to offer the USD a moderate boost on average

“Our recent historical analysis of FX price action during the past six Fed tightening cycles since 1980 has suggested that investors should not sell the USD before the Fed is actually done hiking.”

“It seems that the combination of ongoing Fed hikes and intensifying recession risks tended to offer the USD a moderate boost on average.”