FX veteran Ulf Lindahl with catastrophic forecast for USD

According to Ulf Lindahl, CEO of A.G. Bisset Associates LLC, the trend of the world's most traded currency pair over the next 6 years, may be similar to stock market movements.

Lindahl is of the opinion that USD could fall by about 40% by 2024. The manager's motives are that since 1970, USD is moving in 15 years of profit and loss cycles. According to the Lindhal USD model, it is still going down.

The statement may seem absurd, but only weeks ago, Ray Dalian predicts a similar USD crash. On the other hand, if we are realistic about the Fed, we are unlikely to see a sustained rise in interest rates. We should not exclude the White House with the desire of Trump dollars to cheaper. Looking to Europe, the ECB has not yet raised the base rate, and the pace we are expecting will soon shift the focus from the Fed to the ECB.

If we look at the expectations of large investment banks, we will also find positive attitudes there. Here's what they are:

Source: Bloomberg Finance L.P.

Charts: Used with permission of Bloomberg Finance L.P.

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