A bit more USD strength seems more likely than not in the coming weeks – Scotiabank


The US Dollar (USD) is poised to notch up a solid gain on the week. Economists at Scotiabank analyze Greenback’s outlook.

The underlying trend remains USD positive in general

The underlying trend remains USD positive in general and a bit more USD strength overall seems more likely than not in the coming weeks.

Fed repricing, USD bullish seasonal trends and supportive medium term technical pointers all suggest that the US Dollar is likely to strengthen or at least remain better supported for now.

 

Share: Feed news

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD turns south as Georgia exit poll shows a slim Trump's advantage

EUR/USD turns south as Georgia exit poll shows a slim Trump's advantage

EUR/USD retreated sharply and trades below the 1.0900 mark as the focus stands on the US Presidential election. Georgia, one of the seven swing states, has closed polling, and exit polls show a slim Trump advantage. 

EUR/USD News
USD/JPY resumes advance and reconquers 152.00

USD/JPY resumes advance and reconquers 152.00

As initial results show former President Donald Trump may return to office, USD/JPY turned north and trades in the 152.00 region. The US Dollar recovers broadly, while stock markets are also on the run. More polls coming that may change the picture.

USD/JPY News
Gold under mild pressure as exit polls boost the US Dollar

Gold under mild pressure as exit polls boost the US Dollar

Gold prices ease early in the Asian session as uncertainty about who will become the 47th United States President is about to end. Georgia exit polls give Donald Trump a slight advantage over rival Kamala Harris.

 

Gold News
DOGE could hit a new yearly high after 50% rally in twenty days

DOGE could hit a new yearly high after 50% rally in twenty days

Dogecoin is up 8% on Tuesday following rising expectations of a Donald Trump victory in the ongoing U.S. presidential elections. If the bullish momentum continues, the meme coin leader could rise to a new yearly high.

Read more
DOGE could hit a new yearly high after 50% rally in twenty days

DOGE could hit a new yearly high after 50% rally in twenty days

Dogecoin is up 8% on Tuesday following rising expectations of a Donald Trump victory in the ongoing U.S. presidential elections. If the bullish momentum continues, the meme coin leader could rise to a new yearly high.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures