The current market bias for the USD to WST exchange rate is bearish.
Key drivers include the Federal Reserve's anticipated interest rate cuts, which may weaken the USD. Additionally, improving global economic growth could increase volatility in the currency markets, affecting exchange rates. Also, inflation trends in the US, showing a drop to 2.7%, add to the downward pressure on the USD.
The expected trading range for USD to WST may see continued fluctuation near recent highs but within a stable range.
An upside risk could arise from stronger-than-expected consumer sentiment in the US, potentially strengthening the USD, while a downside risk includes the continued commitment of ASEAN to reduce USD reliance in transactions, which could further weaken the dollar’s value.