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    USD dips remain a buying opportunity against the core majors – Scotiabank

    Source Fxstreet
    Jan 18, 2024 13:47

    The US Dollar (USD) trades directionless on Thursday in light trade. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes Greenback’s outlook.

    USD strength in the next few weeks

    I do not think the USD will fall too far at the moment and dips remain a buying opportunity against the core majors.

    Higher US yields, seasonal trends and longer-term technical pointers are aligned in pointing to USD strength in the next few weeks at least.

    See: USD Index to trade in a 103.00-104.00 range in the near term – ING

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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