- Analytics
- News and Tools
- Market News
- Markets may be turning a bit less constructive on the USD – Scotiabank
Markets may be turning a bit less constructive on the USD – Scotiabank
The US Dollar (USD) is narrowly mixed in quiet trading. Economists at Scotiabank analyze Greenback’s outlook.
USD needs more support from higher yields and/or stronger data to advance
The USD is trading firm on the day and week and underlying momentum signals are leaning bullish but beyond that, there are some softer technical signals creeping into longer-term price action in the DXY, suggesting markets may be turning a bit less constructive on the USD overall after its early year rally.
At the very least, the USD needs more support from higher yields and/or stronger data to advance from here – and solid US Treasury auctions this week suggest investors are happy to participate with the 10Y yield nearing recent highs around 4.20%.
© 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
