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The US dollar poised to be stronger for longer
Persistent yield differences, US economic outperformance and safe-haven effects are tailwinds for the greenback.
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There is reason to believe that currently, many of these forces favour the continued overvaluation of the US dollar.
PHOTO: REUTERS
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As interest rate cuts by the US Federal Reserve draw closer, some analysts expect that Asian currencies, which have been chronically weak against the US dollar over the past three years, will at last turn around. From the start of 2021 to the end of March 2024, every Asian currency, bar none, has depreciated against the greenback.
The Singapore dollar has been the best performer,
