USD firmer as EUR dips on weak data – Scotiabank
23.09.2024, 11:50

USD firmer as EUR dips on weak data – Scotiabank

The US Dollar (USD) is firmer overall on the session but has nudged off its earlier highs against its major currency peers, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

DXY consolidation may extend

“Weak Eurozone data dragged on the EUR in European trading, giving the USD a broader lift but the DXY is still trading within last week’s range and the potential for significant USD gains remains limited, at least while markets continue to price in additional, aggressive rate cuts by the Fed before year-end but relief for the USD today is coming from the mild pick up in ECB October easing speculation after this morning’s data reports.”

“There is plenty of US data to contend with this week but they may not have much impact on markets or the USD in the wake of the Fed decision. Friday’s core PCE data is expected to show a 0.2% increase over the month, nudging the Y/Y pace up slightly. With the Fed’s (excluding Bowman, perhaps) attention shifting from prices to jobs, that may not mean much for the USD. There are a number of Fed speakers on the calendar this week, including Chair Powell.”

“Kashkari said he backed the 50bps rate cut and projects a further 50bps in cuts this year. Some consolidation in the USD is possible in the short run after the index failed to push decisively below the 100.5 support area but scope for gains in the DXY is likely limited to the upper 101 area on charts. DXY gains above 102 would, however, suggest a little more strength may emerge.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik