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 increased from 33.2K to 45.9K
20 February
United Kingdom. CFTC GBP speculative net positions. The value of the indicator has decreased from -25.8K to -42.4K
20 February
Canada. CFTC CAD speculative net positions. The value of the indicator has increased from 13.3K to 25.8K
20 February
Japan. CFTC JPY speculative net positions. The value of the indicator has increased from -19.1K to 13K
20 February
European Union. CFTC EUR speculative positions. The value of the indicator has decreased from 180.3K to 174.5K
20 February
Top news
United States. PCE price index (YoY). The value of the indicator has increased from 2.8% to 2.9%
20 February
United States. GDP (QoQ). The value of the indicator has decreased from 4.4% to 1.4%
20 February
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 2.8% to 3%
20 February
European Union. Manufacturing PMI. The value of the indicator has increased from 49.5 to 50.8
20 February
United States. Trade Balance. The value of the indicator has decreased from $-53B to $-70.3B
19 February
All news

Forecasts

Silver buy
Period: 01.03.2026 Expectation: 7500 pips
Investing in silver with $86 in sight
Indicators and reports TA Other Indicators Chart analysis
20 February 2026 37
Sinclair_John
Brent sell
Period: 28.02.2026 Expectation: 90 pips
Brent crude selloff with $71.30 target
Chart analysis
20 February 2026 40
McCarthy_Raymond
Brent sell
Period: 28.02.2026 Expectation: 550 pips
Brent crude is vulnerable to steep pullback on geopolitical de-escalation
Technical analysis FA Other TA Other Indicators Fundamental analysis
20 February 2026 31
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
AUDCAD buy
Period: 28.02.2026 Expectation: 1120 pips
Temporary surge in oil prices won’t stop AUDCAD’s long-term ascent
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
20 February 2026 23
Emily_Foster
USDCAD buy
Period: 31.03.2026 Expectation: 900 pips
Investing in USDCAD when American GDP beats forecasts
FA Other Chart analysis
20 February 2026 19
McCarthy_Raymond
Brent sell
Period: 30.04.2026 Expectation: 200 pips
Selling Brent crude as it climbs to $73.0
Indicators and reports Chart analysis
20 February 2026 22
Bruce_Powers
Go to forecasts