TechFlow, Nov. 27 — Pictet Asset Management strategist Luca Paolini said that as slowing economic growth paves the way for further Federal Reserve rate cuts, the dollar will face another round of weakness next year. He noted that the interest rate differential for the dollar is narrowing significantly. "We expect the U.S. economy to become somewhat weaker, which will gradually ease inflationary pressures," he said. In contrast, economic growth in other parts of the world may improve, especially in Europe and Japan. Additionally, dollar valuations remain relatively high. Pictet expects the U.S. Dollar Index to fall from around 99.55 currently to 95 by the end of 2026. (Jinshi)
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