As the world lurches toward an economic downturn, the dollar has been hailed as the undisputed safe-haven currency. This coveted status has given it a boost, making it stronger against other currencies. However, our forecasts predict that this golden hour for the dollar won't last forever. We predict that by mid-2023, the dollar may slowly begin to depreciate and by 2024, this depreciation will speed up. This is due to a gradual decline in safe-haven demand, signaling a shift in priorities for investors. More detailed daily forecasts for Euro, Dollar and other currencies you can find on the LiteFinance blog - a high-tech reliable ECN broker with a strong reputation.
