- Analytics
- News and Tools
- Market News
- USD Index: Gains could extend to test 102.50, potentially 104, before renewed weakness develops – Scotiabank
USD Index: Gains could extend to test 102.50, potentially 104, before renewed weakness develops – Scotiabank
USD squeeze may extend in the short run, economists at Scotiabank report.
The peak in the Fed cycle is close
There is some potential for the USD to firm up a little more in the short run, particularly. Beyond the issue of short-term interest rate differentials, the broader USD outlook is likely to be handicapped by a few other factors, however. The peak in the Fed cycle is close. Seasonal trends are USD negative through end Q3. Technical pointers are USD-bearish in broad terms.
DXY gains could extend to test 102.50, potentially 104, in the next couple of weeks before renewed weakness develops.
© 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
