Skip to main content

The dollar continues its slow and steady rise

The US dollar looks set to end a third week higher against most major currencies amid mounting evidence that the US economy started the year on strong footing. In particular, hawkish FOMC minutes and a strong monthly rise in US PCE supported the dollar as yield gaps shifted in favour of the US and “risky” assets weakened, similar to the pattern that characterised much of 2022.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access