Buy the US Dollar Dips, Says Wells Fargo: Can't Write-off the USD
Leading multinational financial services company Wells Fargo wrote in its latest piece to stakeholders that the best investment option now is to accumulate the dips on the US dollar. The DXY index has fallen to a low of 97 on Monday and had briefly dipped to 96.80 last week. The USD is now more than 10% year-to-date and has fallen to its three-year low. Local currencies are generating more profits in the currency markets this quarter than the greenback. Also Read: Texas Governor Abbott Signs Gold & Silver Legal Tender Law Source: MarketWatch The downward trend is spiraling steadily with little to no sight of an upward trajectory on the horizon. Leading currencies like the euro and krona, along with top Asian currencies are outperforming the USD in 2025. Investors no longer see the greenback as a safe haven as it’s now mired with tariffs and an ever-growing debt. However, Wells Fargo believes that the dip is temporary and the US dollar will regain its dominance by Q3 of 2026. Wells...