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SOCGEN says the dollar’s strength is likely to persist into H2 2026, noting the US economy is the only G10 whose average growth forecast for this year is higher than at the start of the year. The bank warns that if US growth keeps inflation above tar

2026-07-06

SOCGEN says the dollar’s strength is likely to persist into H2 2026, noting the US economy is the only G10 whose average growth forecast for this year is higher than at the start of the year. The bank warns that if US growth keeps inflation above target, rate cuts would be politically difficult even under President Trump. SOCGEN projects the dollar index (DXY) at 103.6 and EUR/USD at 1.11 by year-end.

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Market news: Citibank has become the fifth bank to clear transactions in the London over-the-counter gold market (the world's largest gold trading center).

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