Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
1 December 2022 | Other

Commerzbank: dollar to turn lower when Fed cuts its key rate in 2023

GBPUSD
AUDUSD
EURUSD
USDJPY
USDCAD

It was the US dollar’s time to shine among other currencies in 2022. However, according to the forecast of economists at Commerzbank, the dollar will reverse course and weaken next year amid interest rate cuts. 

Fed watchers see the US central bank easing monetary policy in the second half of 2023. The Fed’s pivot will be driven by easing inflation and (albeit modest) economic downturn. In addition to this, Commerzbank expects further rate cuts in early 2024.

Company MarketCheese

Recommended

Australia. CFTC AUD speculative net positions. The value of the indicator has decreased from -34.9K to -38.9K
18 September
United Kingdom. CFTC GBP speculative net positions. The value of the indicator has increased from -58.8K to -58.7K
18 September
Canada. CFTC CAD speculative net positions. The value of the indicator has increased from -70.5K to -37.6K
18 September
Japan. CFTC JPY speculative net positions. The value of the indicator has increased from 10.8K to 120.4K
18 September
European Union. CFTC EUR speculative positions. The value of the indicator has increased from -42.6K to -27K
18 September
Top news
Japan. BoJ Interest Rate Decision. The value of the indicator has increased from 1% to 1.25%
18 September
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
17 September
European Union. CPI (MoM). The value of the indicator has decreased from 2.9% to 0.4%
17 September
United States. Fed Interest Rate Decision. The value of the indicator has increased from 3.75% to 4%
16 September
United States. Retail Sales (MoM). The value of the indicator has increased from -0.5% to 1.2%
16 September
All news

Forecasts

AUDCAD buy
Period: 31.10.2026 Expectation: 300 pips
Buying AUDCAD with 1.0000 in sight
FA Other TA Other
Today at 09:43 AM 8
Bruce_Powers
USDJPY buy
Period: 31.10.2026 Expectation: 700 pips
Invest in USDJPY up to 157.70
FA Other TA Other
Today at 09:43 AM 7
McCarthy_Raymond
Gold sell
Period: 31.10.2026 Expectation: 3000 pips
Gold sell-off targets $4,000
FA Other TA Other
18 September 2026 38
McCarthy_Raymond
USDJPY sell
Period: 30.11.2026 Expectation: 5700 pips
Selling USDJPY down to 150.00
FA Other TA Other
18 September 2026 28
McCarthy_Raymond
GBPUSD buy
Period: 30.09.2026 Expectation: 1500 pips
Invest in GBPUSD up to 1.36270
FA Other TA Other
17 September 2026 43
McCarthy_Raymond
S&P 500 sell
Period: 15.10.2026 Expectation: 1000 pips
Selling SPX down to $7,490
FA Other TA Other
16 September 2026 60
McCarthy_Raymond
Go to forecasts