Credit Agricole: Here is why we maintain an above-consensus USD outlook ...Middle East

Key Points:

Extension of personal income tax cuts

Looser financial conditions

Skepticism on De-Dollarization: While some investors cite Trump’s weak dollar bias and the risk of a “Mar-a-Lago accord” as threats, Credit Agricole sees no credible alternative to the USD as a reserve currency.

Conclusion:

Despite ongoing debate around structural risks to the dollar, Credit Agricole sees fundamental strength and policy dynamics as supportive. The USD’s reserve status and yield advantage remain intact, reinforcing the bank’s above-consensus bullish stance for the medium term.

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This article was written by Adam Button at www.forexlive.com.

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