Credit Agricole expert believes in dollar recovery by mid-2025

Credit Agricole expert believes in dollar recovery by mid-2025

Valentin Marinov, one of the leading experts at Credit Agricole, considers the dollar's fall to be temporary. The American currency's decline was largely caused by Donald Trump's trade restrictions and the following turmoil in the markets. However, a 90-day pause in the implementation of most tariffs should have reassured investors and supported the dollar, the strategist suggests.

Despite the dollar's weak start to the year and market participants' loss of interest in using it as a safe-haven asset, Trump's trade policy will mostly hit Europe and Japan, which are more export-oriented, according to Marinov. He believes their economic performance could slow much more than the US economy. The yen will fall to 148 per dollar by mid-2025, while the euro will drop to $1.08.

The Bloomberg Dollar Spot Index is near a 6-month low, plunging by 6.7% in 2025. This is the worst result since the gauge was launched in 2005. Yet, Marinov is not giving up on his forecasts. He estimates that by the mid-year, the dollar will regain its former strength.

However, not all analysts share Marinov's view. Many investors are shifting away from the US market in search of more reliable alternatives.

Period: 08.09.2025 Expectation: 800 pips
S&P 500 seeks support amid rate cut expectations
Today at 08:26 AM 5
Period: 04.09.2025 Expectation: 130 pips
Buying AUDCAD on resistance breakout targeting 0.9000
Today at 06:42 AM 3
Period: 05.09.2025 Expectation: 900 pips
AUDCAD loses momentum near channel resistance
29 August 2025 57
Period: 05.09.2025 Expectation: 900 pips
Inverse head and shoulders pattern to form upon GBPUSD break of 1.358
29 August 2025 71
Period: 30.11.2025 Expectation: 2800 pips
USDJPY set to weaken in medium term
29 August 2025 41
Brent sell
Period: 05.09.2025 Expectation: 200 pips
Brent declines amid growing inventories and potential production increases
29 August 2025 66
Go to forecasts