USD firmer for a bit longer – CIBC

USD strength will likely stick around for longer than economists at CIBC Capital Markets envisaged at the start of the summer.

Higher for longer for the USD

We are now expecting strength in the USD to stick around for longer. That’s due to a deteriorating risk backdrop, alongside inconsistencies with how markets are pricing central banks for 2024.

DXY – Q4 2023: 106.00 | Q1 2024: 104.31

See: USD to strengthen through the end of this year and come the end of 2024 – HSBC