U.S. Dollar Seen Staying Strong; Yen and Euro to Gradually Rebound
- U.S. dollar to remain strong as markets delay expectations for Fed rate cuts
- Euro expected to gain slightly against dollar but not recoup 2023 losses
- Japanese yen forecast to strengthen against dollar after huge drop
- Yen still seen as preferred currency for carry trades despite BOJ rate hike
- Markets learning this is not a "cut no matter what" environment for Fed