Currency outlook: US dollar performance could be mixed

Invesco Fixed Income shares its views of currencies around the world

Raymund UyStronger global growth environments, like the current one, are typically mixed for the US dollar. The US Federal Reserve (Fed) demonstrated at its March meeting that it is not aiming to disrupt financial markets. This backdrop — above-potential growth and a benign Fed — should translate into mixed US dollar performance versus developed market currencies, in the view of Invesco Fixed Income. We believe the US dollar should underperform emerging market currencies broadly.

See below for the Invesco Fixed Income team’s outlook for other key world currencies.