Currencies

The US dollar continues to lead the currency pack. But for how long?

A potential US dollar rebound is on the horizon.

Except for the Japanese yen and the Chinese yuan, the currencies of the Group of 10 (G10) countries, a group of industrialized nations, has shown potential for appreciation against the US dollar.

For those who have foreign exchange needs, there is that sweet spot for buying and selling dollars to maximize one’s dollar-peso holdings for the rest of the year.

Many are dismissing the renminbi as a possible major reserve currency. But demand for the currency is rising, and it will likely be part of the multipolarity of major reserve currencies.

There are more losers than winners in today’s forex market. But with the US overcoming the debt ceiling crisis, global markets are expecting more aligned decisions based on economic growth.

The US dollar’s value remains to be in a roller coaster state after being battered by the collapse of several US banks, plus a debt ceiling crisis. Still, there are silver linings that highlight the demand for US dollar-denominated instruments, particularly US treasury bonds, as safe havens.

The US dollar has weakened against other currencies in March. Will it recover soon?

There’s still greater demand for US dollars and USD-denominated assets but could the recent US banking issues hold bank the greenback’s strength?