US Dollar Future Value Projected to Reach 102.40 Amid Trade and Economic Growth
The US dollar's future value is set to climb to 102.40 within the next 12 months, driven by strong momentum in the dollar index and supportive trade policies. Trading Economics' latest analysis highlights the impact of Federal Reserve decisions and recent trade agreements, including a 15% tariff on Japanese exports and a $550 billion investment pledge from Japan.
Economic growth further bolsters the dollar's outlook, with the US economy expanding by 2.7% in 2024, outpacing developed markets' 1.7% growth. Treasury Secretary Scott Bessent's indication of an extended tariff truce with China adds to the bullish sentiment, reinforcing the dollar's strength in global markets.