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    The window for a USD rebound remains open over the next few weeks – Scotiabank

    Source Fxstreet
    January 9, 2024 14:15

    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.
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