A bit more USD strength seems more likely than not in the coming weeks – Scotiabank
Source Fxstreet
The US Dollar (USD) is poised to notch up a solid gain on the week. Economists at Scotiabank analyze Greenback’s outlook.
The underlying trend remains USD positive in general
The underlying trend remains USD positive in general and a bit more USD strength overall seems more likely than not in the coming weeks.
Fed repricing, USD bullish seasonal trends and supportive medium term technical pointers all suggest that the US Dollar is likely to strengthen or at least remain better supported for now.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
USD/JPY trades cautiously positive around 144.00 ahead of key US dataThe USD/JPY pair edges higher to near 143.90 during European trading hours on Thursday. The pair trades cautiously higher as the US Dollar (USD) ticks up ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
The USD/JPY pair edges higher to near 143.90 during European trading hours on Thursday. The pair trades cautiously higher as the US Dollar (USD) ticks up ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
Gold (XAU/USD) edges higher during the Asian session on Friday and looks to build on the overnight bounce from the vicinity of the $3,500 psychological mark.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Silver price (XAG/USD) has lost its nearly a 4.5% gain registered in the previous session, trading around $72.50 during the Asian hours on Wednesday.
The USD/JPY pair builds on the previous day's breakout momentum and continues to scale new multi-decade highs through the Asian session on Wednesday.
Related Instrument
