US Dollar Set to Hold Gains Amid Sparse Fed Guidance

The US dollar will hold firm over coming months but trade weaker in a year according to a Reuters poll. Strategists noted that sparse policy guidance from the Federal Reserve leaves forecasters little reason to revise their long-held expectations.

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FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

The United States dollar will hold firm over coming months before trading lower in a year, supported by sparse rate guidance. Strategists expect the EUR/USD pair to hold near parity in the near term despite shifting rate bets.

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