Monday, June 5, 2023
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Dollar not quite beaten – Crédit Agricole

We are seeing a correction in the high valuation of the US dollar. But in the eyes of economists at Crédit Agricole, the dollar is not completely beaten.

Eurozone fiscal stimulus likely won’t stop recession

“Dollar isn’t quite beat yet. U.S. economy still fairly resilient, Fed The fight against inflation is far from over. Fed speeches and U.S. retail sales will refocus investors’ attention on how much the Fed needs to do to keep inflation in check.”

“Eurozone fiscal stimulus “Measures may not stop a recession, but instead contribute to more aggressive ECB policy tightening, further exacerbating euro zone sovereign credit risks. This could hurt the euro’s attractiveness, as it did in last month’s mini-budget event.” Same effect on the UK.”

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