fxs_header_sponsor_anchor

News

Higher yields will help lift the USD in the near-term – Scotiabank

The USD is ending the week little changed overall. Economists at Scotiabank analyze Dollar’s outlook.

Revised Fed bets should support USD

US CPI data came in a bit hotter than expected and underlying trends in (services especially) remain elevated. Market-driven estimates of inflation reflect confidence that headline prices will be running nearer to 2% by mid-year. But achieving anything even close to that will require a sustained (and perhaps very unlikely) run of very soft inflation prints in the next few months. If inflation proves even slightly resilient and the broader economy continues to hold up, some further adjustment in expectations for the March FOMC seems likely.

Higher yields will help lift the USD in the near-term. 

Recall that USD seasonals and broader technical pointers are leaning bullish.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.