Monex Europe: bearish dollar outlook continues

But analysts are looking out for potential upside risks in US rates and inflation

Bull and bear
Less bite: dollar bears are out as the currency continues to fall

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Foreign exchange market participants are maintaining a bearish outlook on the dollar, with the heavy sell-off continuing despite solid macroeconomic data and little slack in the labour market. This has led analysts at Monex Europe, which topped last week’s 12-month currency forecast table, to keep a watchful eye on potential upside risks in rates and inflation.

For now, this pessimism is showing little signs of reversing, especially following the disappointing

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