Monex Forecasts Stronger Dollar in 2026 on Rising US Rates

This is a rates-first call on the dollar, not a crypto one, but it matters for tokenized real-world assets and dollar-denominated crypto markets because the same rate path that supports the currency tends to tighten the liquidity that risk assets rely on. What is notable is that the forecast rests entirely on the direction of US rates rather than on relative growth or flows, leaving little margin if that assumption shifts. Whether the rate trajectory Monex assumes actually materializes is the open question for anyone watching dollar-sensitive crypto and RWA markets.