- Analytics
- News and Tools
- Market News
- Dollar’s correction looks mostly technical in nature – MUFG
Dollar’s correction looks mostly technical in nature – MUFG
The sustained period of US Dollar strength has finally met some resistance that has prompted a turnaround. Economists at MUFG Bank analyze Greenback’s outlook.
Yields remain elevated
For now, this correction of the Dollar weaker looks mostly technical in nature. We are also at month-end and fiscal half-year-end for some and that too may be drawing non-fundamental FX flows that could fade quickly.
Yields remain elevated despite the correction from Thursday’s intra-day high and while the government shutdown is a risk to yields coming lower it is unlikely to play out that way over the very short term.
© 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
