Skip to main content

US dollar edges lower even as banking concerns ease

Despite making up some ground today, the dollar seems set to end the week somewhat lower against nearly all major currencies. Banking turmoil in the US and elsewhere appears to be receding (for now), with the latest Fed data confirming emergency facilities were less actively used than in the prior week. This puts central banks’ fight against inflation back on centre stage. On that front, monetary policymakers outside of the US seem more willing to press ahead with tightening than the Fed, and we think relative interest rates are unlikely to benefit the dollar over the short term.

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