Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    DXY is at risk of easing a further 0.75%-1% in the near term – Scotiabank

    Source Fxstreet
    Mar 21, 2024 12:48

    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.
    placeholder
    US Dollar eases further as risk appetite returns to marketsThe US Dollar trades broadly steady on Monday, with markets having a sigh of relief after the weekend remained fairly calm as there was no further retaliation from Iran towards Israel.
    Source  Fxstreet
    The US Dollar trades broadly steady on Monday, with markets having a sigh of relief after the weekend remained fairly calm as there was no further retaliation from Iran towards Israel.
    placeholder
    US Dollar sees slight Friday downfall as buyer momentum dwindlesThe US Dollar Index (DXY) is currently trading at 106.09, a mild loss from its recent peak of 106.35.
    Source  Fxstreet
    The US Dollar Index (DXY) is currently trading at 106.09, a mild loss from its recent peak of 106.35.
    placeholder
    US Dollar Index Price Analysis: Range bound price waits for directional clarityThe US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of trade-weighted competitors, is in a long-term sideways trend which has lasted for between six months and a year.
    Source  Fxstreet
    The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of trade-weighted competitors, is in a long-term sideways trend which has lasted for between six months and a year.
    goTop
    quote