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 European session on August 11, gold prices (XAUUSD) briefly topped $4,400 intraday, reaching a high of $4,435.2, its highest level since June 5. However, gains subsequently narr
West Texas Intermediate (WTI) oil price moves little after registering gains over 6.5% in the previous day, trading around $81.40 during the Asian hours on Tuesday.
Gold Price Forecast: Gold Rises as Nonfarm Payrolls Unexpectedly Turn Negative; Can CPI and PPI Help Break $4,500? As of the Asian session on August 10, gold prices ( XAUUS D) extended last week's trend into this week after a sharp rise last week, with the latest gold price trading near $4,345, up sli
As of the Asian session on August 10, gold prices ( XAUUS D) extended last week's trend into this week after a sharp rise last week, with the latest gold price trading near $4,345, up sli
The ongoing US-Iran conflict has entered a crucial diplomatic phase, with intense fighting and strategic pressure around the vital Strait of Hormuz continuing to drive the dynamic of the war.
As of the European session on August 7, gold prices ( XAUUSD) extended their recent strong performance, rising over 1% intraday to briefly cross the $4,300 mark. With a cumulative gain of
Related Instrument
