December 27, 2018
Final Currency Thoughts for 2019 Part 2
We see the USD on a downtrend, losing value in relation to most other major currencies.
We see the USD on a downtrend, losing value in relation to most other major currencies.
Look for strength in the euro, sterling and yen after the first few months of the year.
Many Western European countries are seeing populism, globalization and economic nationalism all clashing, creating political and economic uncertainties and volatility.
The trade-weighted index of the U.S. dollar has not varied more than 4 to 6 percent throughout the entire year.
Doing business overseas? Check out our forecasts for seven major world currencies.
As we head into 2019, three main global risk factors will play a role in setting the tone for the year.
There is evidence that retailers are speeding up shipments into the U.S. to build up inventory before tariffs rise again in January.
What impact does oil's steep decline have on the global financial markets?
A divided congress could influence the outcomes of the White House's ongoing trade negotiations.
The foregoing information is provided as a courtesy to our clients and friends of City National Bank (CNB) for their consideration. Unless otherwise stated, opinions expressed are those of the respective authors and not necessarily those of CNB. The information is provided without warranty and no recommendation or endorsement by CNB is intended or should be inferred unless specifically stated.
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