2023 Evolving FX Drivers and Losing US Dollar Appeal: FX Moment
FICC Focus
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The Dollar Outlook for 2023
Dollar CMY should still be pulled away from the seven handle and dropped towards the fair value of 6135 according to our beer model. The risk is that you know it will be a weaker outcome for the dollar by the end of next year but if how we get there remains an element of uncertainty in particular. We are more puzzled by the outlook for early next year or more cautious about how bearish we should be on the dollar early next year. This is just more of a you know short term a short term revival in the dollar.
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