- Analytics
- News and Tools
- Market News
- USD to remain firm in near term but additional gains will need the support of higher US yields – Scotiabank
USD to remain firm in near term but additional gains will need the support of higher US yields – Scotiabank
The firm US Dollar (USD) is consolidating its recent gains. Economists at Scotiabank analyze Greenback’s outlook.
Macro drivers are positive for the USD
The USD looks poised to remain firm in the near term but additional gains will need the support of higher US yields (10Y yields above the January highs around 4.20%, for example).
Macro drivers are positive for the USD. Economic Surprise data show US economic reports are running quite strongly ahead of expectations since the middle of January – more strongly than the Eurozone or Canada, for example. Stronger data support the high (but perhaps not higher) for longer outlook for US rates, at least.
The USD may hold close to current levels ahead of the US CPI data next week which will provide a little more direction for US yields in the short run.
© 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
