US Dollar Slump Fuels Q4 Rally in Euro, Pound, Gold and Stocks; Volatility Ahead in 2024
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U.S. dollar declined in Q4 2023, sending EUR/USD, GBP/USD and gold prices higher while boosting stocks to record highs. More losses may be ahead.
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Falling U.S. yields and risk-on sentiment could reinforce upside momentum in Q1 for gold, sterling, euro and equities.
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Markets like stocks are overbought after recent rallies, so increased volatility likely.
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Bitcoin faces potential catalysts in Q1 including a spot BTC ETF and its next "halving" event.
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Download DailyFX’s free Q1 forecasts covering currencies, gold, oil and more for technical and fundamental analysis.