USD rally or profit-taking opportunity?
USD rally or profit-taking opportunity?
The dollar extended its gains on Friday, bolstered by Donald Trump’s White House return, pressuring the Aussie and Kiwi by over 1%.
Credit Agricole flagged Trump’s policy agenda as a source of upside risk for the greenback but dismissed the likelihood of another 2018-style rally.
With the dollar’s already elevated level, Credit Agricole analysts see limited scope for a repeat of past surges. By late 2025, they project dollar weakness as Federal Reserve rate cuts accumulate. Near-term, the prospect of profit-taking could cap further gains.
The dollar extended its gains on Friday, bolstered by Donald Trump’s White House return, pressuring the Aussie and Kiwi by over 1%.
Credit Agricole flagged Trump’s policy agenda as a source of upside risk for the greenback but dismissed the likelihood of another 2018-style rally.
With the dollar’s already elevated level, Credit Agricole analysts see limited scope for a repeat of past surges. By late 2025, they project dollar weakness as Federal Reserve rate cuts accumulate. Near-term, the prospect of profit-taking could cap further gains.
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