Wall Street sees dollar soaring more, but splits on how much

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The story "Wall Street sees dollar soaring more, but splits on how much" was covered 1 weeks ago by Business Mirror, a news publisher based in Philippines.

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Wall Street sees dollar soaring more, but splits on how much - Business Mirror

Quick Summary:

The US dollar’s rally is gaining momentum alongside Donald Trump’s threat of sweeping tariffs, leaving currency strategists in agreement it has further to rise while war-gaming just how far it will go.

Although the dollar strength is far from guaranteed, even with protectionist measures on the table, the magnitude of additional gains may vary depending on counter-stimulative measures from other countries.

Several banks have slashed their forecasts for the common currency since the US election, with many seeing a risk of a slide toward parity against the dollar next year.