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Dollar Index: Intraday Analysis & Forecast

Danske Bank Research remains positive on the outlook for the U.S. dollar, its analysts say in a note. “We anticipate the potential for a dollar rally in 1Q, given the ongoing trend of scaling back rate cut expectations among G10 central banks, which could lead to general risk-off sentiment in markets.

” The dollar has had a strong start to the year, emerging as the best performer in the G10 space, and negative economic data surprises outside the U.S., such as the recent weak data from China, could act as potential catalysts for a dollar rally, they say. Danske forecasts EUR/USD at around 1.05 on a 12-month horizon.

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