- Analytics
- News and Tools
- Market News
- USD: Temporary rebound to extend in Q2 - UOB
USD: Temporary rebound to extend in Q2 - UOB
eFXdata reports that UOB Research discusses the USD outlook.
"We keep to our view that this rebound in USD in March is unlikely the start of a sustainable uptrend, at least for the rest of this year. First and foremost, US bond yields - the trigger for this USD resurgence – appears to moderate in intensity after a steep rise across February – March. Also, the Fed is decisively patient to see the US economy through the pandemic before looking to normalize monetary policies," UOB notes.
"Beyond the near-term temporary USD strength in 2Q21, a brighter global growth outlook as the vaccination rollout accelerates means cyclical and risk currencies within the Majors and Asian FX space would regain their footing and strengthen anew against the USD," UOB adds.
© 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
