Dollar Will Be Weaker as We Go Into End of Year: Gordon

The video discusses the anticipated weakening of the US dollar towards the end of the year, influenced by factors such as the debt ceiling debate and US economic growth slowdown. It highlights the potential for the Federal Reserve to pivot towards rate cuts by the end of the fourth quarter, which could further pressure the dollar. The discussion also covers market repricing and the possibility of one more rate hike by the Fed, despite credit tightening impacting consumption. The Australian dollar is mentioned as a currency that might catch up, with the Reserve Bank of Australia expected to hold rates steady.

What are the expectations regarding the strength of the dollar as we approach the end of the year?

How is credit tightening expected to impact consumption in the US?

What potential actions might the Federal Reserve take by the end of the fourth quarter?

What factors are influencing the market's expectations for the Federal Reserve's next moves?

What is the anticipated trend for consumer data as we move into 2024?