Make Kitco Your Homepage

Will the dollar really crash in 2022? FX strategist gives outlook on gold, silver, inflation

Kitco News

The Federal Reserve announced Wednesday a quickening of asset tapering and signaled three rate hikes in 2022.

Chester Ntonifor, FX Strategist of BCA Research discusses with David Lin, anchor for Kitco News, the direction of the U.S. dollar in next year.

“It’s pretty priced in that the Fed is going to lift interest rates in 2022 and the ECB is going to lag the Fed, so that’s already in the price of the dollar versus the euro,” Ntonifor said.

The dollar index, or DXY, will likely fall to 90 over the next 12 months, but in the immediate term, investors can expect continued strength, Ntonifor noted.

“I think it’s not going to crash but a drop from current levels of 96 towards 90 over 12 to 18 month-horizon seems quite reasonable to me,” he said.

For more information on economic growth, watch the video above.

Follow David Lin on Twitter: @davidlin_TV (

Follow Kitco News on Twitter: @KitcoNewsNOW (

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.