CIBC Economics/Monthly FX Outlook; On USD

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CIBC Economics/Monthly FX Outlook; On USD

, MT Newswires - 2:35 PM ET 3/21/2025 default

02:35 PM EDT, 03/21/2025 (MT Newswires) -- CIBC expects to see broad USD weakness in the coming quarters as the US economy eases and converges with the rest of world. But it said while the soft data has begun to reflect this trend, the hard data has yet to follow. "Even though soft data has been a poor guide in recent years, we think that shifting fundamentals mean the US economy will slow. A realization of this outcome is likely to be a driver of a weaker USD in the quarters ahead," the bank added.

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