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Dollar notes

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  • The dollar's bullish run is set to run its course in 2024, ING analysts wrote on Wednesday.
  • As a recession kicks in next year, the Fed will cut interest rates by 150 basis points.
  • This will lower US exceptionalism, and drive investors towards undervalued currencies.

The US dollar's impressive rally that has extended through the second half of this year should finally catch a break in 2024, ING analysts wrote in a Wednesday note.

Tags
Markets, mi-exclusive, Dollar, Currency, fx-markets, dollar-rally, ing, interest-rates, federal-reserve, dovish-fed, Eurozone, recession-outlook, interest-rate-cut
Source
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