Wells Fargo predicts foreign exchange trends in the second half of 2024, convinced that the U.S. dollar will continue to weaken

FX168 Financial News Agency (North America) News Economists at Wells Fargo, one of the largest banks in the United States, said that a weakening of the U.S. dollar in the second half of 2024 is their highly confident judgment. #2024 Macro Outlook # # Foreign Exchange Technical Analysis # # Federal Reserve...

Wells Fargo predicts foreign exchange trends in the second half of 2024, with high confidence that the U.S. dollar will continue to weaken

According to the latest forecasts from Wells Fargo economists, the foreign exchange market will see a wave of dollar weakness in the second half of 2024. This forecast is based on their in-depth analysis of the global economic environment and U.S. policy trends.

Foreign Exchange Market Outlook

Experts at Wells Fargo believe that one of the main reasons for the dollar's weakness is slowing U.S. economic growth and weakening inflationary pressures. This will lead to a decline in investor confidence in the U.S. dollar, which will drive appreciation of other currencies.

investment advice

For investors, Wells Fargo recommends keeping an eye on trends in other major currencies, particularly the euro and the yen. They believe these two currencies will have greater room to rise if the dollar weakens.

• Pay close attention to global economic data and policy changes
• Diversify your investment portfolio and reduce the risk of exchange rate fluctuations
• Adjust investment strategies in a timely manner to grasp market changes

in conclusion

Overall, Wells Fargo is confident about the foreign exchange market in the second half of 2024. They believe that the U.S. dollar will continue to weaken and investors should be prepared for possible market changes.