DXY is at risk of easing a further 0.75%-1% in the near term – Scotiabank
Source Fxstreet
USD mixed on the day. Economists at Scotiabank analyze Greenback’s outlook.
US Dollar prone to more softness after FOMC
With the risk of a more hawkish Fed removed the pathway to a somewhat softer USD seems to be a little clearer – if only to correct some of its recent gains that developed around concerns that hot CPI data recently could shift the Fed’s perspective on the rate outlook.
The DXY closed negatively Wednesday, losing ground broadly and signaling a technical reversal in its recent strength. The USD’s performance so far today has been mixed, however. But USD gains are not enough – at this point – to ward off more losses in response to the FOMC decision and lower US yields.
The DXY is at risk of easing a further 0.75%-1% in the near term, at least.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Silver Price Forecast: XAG/USD rises to near $85.00 as Middle East war intensifiesSilver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.
Silver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.
West Texas Intermediate (WTI) US Crude Oil prices attract fresh buyers on Wednesday and climb back closer to the highest level since January 2025, touched the previous day.
Related Instrument
