- Analytics
- News and Tools
- Market News
- USD correction set to last – Commerzbank
USD correction set to last – Commerzbank
Over the past to trading days, the US Dollar eased quite significantly. Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, sees a good chance that the USD correction will last.
The previous USD strength is now regarded as excessive
The previous USD strength is now regarded as excessive because the US monetary policy appears not as exceptional as the USD bulls had previously expected after all. I therefore assume that the USD weakness seen since Wednesday evening was not just a Thanksgiving special effect, but the continuation of the dominant subject.
We expect a period of economic weakness in the US medium-term. To an extent that will likely deserve the label ‘recession’. I am therefore principally pessimistic about the US data. And even secondary data could support a USD-negative view. Also, from the point of view of the traders who return from their Thanksgiving break. They would then be more inclined to jump onto the bandwagon they missed as a result of all the turkey eating.
© 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
