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