- Analytics
- News and Tools
- Market News
- USD losses are poised to extend further – Scotiabank
USD losses are poised to extend further – Scotiabank
The USD is trading mixed versus the majors. Economists at Scotiabank expect the greenback to sustain further losses ahead.
Strengthening downtrend continues to develop
“Passive equity hedge rebalancing signals for the USD over the past month appear to be USD-negative (ex-JPY) but positive over a Q1 perspective and may ultimately work against each other – but these flows could still buffet intraday trade to an extent.”
“USD losses are poised to extend further overall as markets focus on the maturing Fed policy cycle; the DXY’s failure to make deeper headway through the mid-103 area last week keeps the near-term technical tone negative as a strengthening downtrend continues to develop.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
