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.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP post cautious recovery amid downside risksBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.
Gold rises to near $5,200 amid US tariff uncertainty, US PPI data in focusGold (XAU/USD) attracts some buyers to around $5,195 during the early Asian session on Friday. The precious metal edges higher as US tariff uncertainty spurs safe-haven demand. Traders await the release of the US January Producer Price Index (PPI) reports later on Friday for fresh impetus.
Gold (XAU/USD) attracts some buyers to around $5,195 during the early Asian session on Friday. The precious metal edges higher as US tariff uncertainty spurs safe-haven demand. Traders await the release of the US January Producer Price Index (PPI) reports later on Friday for fresh impetus.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility.
Silver Price Forecast: XAG/USD jumps above $90 as AI valuation risks boost safe-haven demandSilver price (XAG/USD) is up 2.4% to near $90.60 during the European trading session on Friday. The white metal strengthens as escalating concerns over valuations of Artificial Intelligence (AI) stocks have prompted demand for safe-haven assets.
Silver price (XAG/USD) is up 2.4% to near $90.60 during the European trading session on Friday. The white metal strengthens as escalating concerns over valuations of Artificial Intelligence (AI) stocks have prompted demand for safe-haven assets.
Related Instrument
