Economists at the banking giant Wells Fargo think the US dollar is primed to trend weaker for the rest of the year, but they don’t have the same outlook for 2026.
In a new analysis, they predict that the greenback will weaken against most G10 and emerging market currencies until the end of 2025.
This is primarily due to their expectation that the U.S. Federal Reserve will cut the federal funds rate by 75 basis points throughout the remainder of the year, with predicted 25-point cuts at the Federal Open Market Committee (FOMC) meetings in September, October and December.
The Wells Fargo economists predict US GDP (gross domestic product) growth in the second half of the year, but they also believe the US economy will
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