The window for a USD rebound remains open over the next few weeks – Scotiabank
Source Fxstreet
USD gains broadly in quiet trade. Economists at Scotiabank analyze Dollar’s outlook.
More range trading in the majors in the short run
Trading impulses look relatively limited, suggesting more range trading for the majors as markets continue to focus on Thursday’s US CPI release as the next major catalyst.
Look for more range trading in the majors in the short run but the window for a USD rebound remains open over the next few weeks as markets reprice March Fed easing bets (15 bps priced in now versus 24 bps at the start of the month).
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on July 17, gold prices ( XAUUSD ) fluctuated around $4,000. However, it is worth noting that gold closed at $3,969.41 yesterday, confirming a break below the $4,0
TradingKey Daily Market Brief: Gold Falls Below $4,000, TSMC’s Strong Earnings Fail to Stop AI Trade Cooling, Chip Stocks Sold OffTracking Market TrendsTradingKey - On July 16, Eastern Time, the three major US stock indexes closed down collectively. Although US economic data performed robustly and the start of the Q2 earnings se
Tracking Market TrendsTradingKey - On July 16, Eastern Time, the three major US stock indexes closed down collectively. Although US economic data performed robustly and the start of the Q2 earnings se
After experiencing a wild surge following its initial listing, SK Hynix ( SKHY) ADR premium is rapidly unwinding. In US trading on Wednesday, July 15, SK Hynix ADRs closed down 9% at $176
Today’s Market Recap: Unexpected PPI Drop Boosts Markets, Apple Hits All-Time High, AI Hardware Stocks Remain Under Pressure, Micron, SanDisk SlumpOn July 15, Eastern Time, the three major US stock indexes closed higher for the second consecutive trading day. The unexpected decline in the US June PPI further st
On July 15, Eastern Time, the three major US stock indexes closed higher for the second consecutive trading day. The unexpected decline in the US June PPI further st
Gold Price Trend Forecast: Why Did Gold Prices Fall After US CPI Cooled? Fed Chair Speech and Iran Situation Become Obstacles As of the Asian trading session on July 15, gold ( XAUUSD) prices fell back to fluctuate near $4,030, erasing nearly all of the gains driven by yesterday's positive CPI data. Looking at t
As of the Asian trading session on July 15, gold ( XAUUSD) prices fell back to fluctuate near $4,030, erasing nearly all of the gains driven by yesterday's positive CPI data. Looking at t
Related Instrument
