- Analytics
- News and Tools
- Market News
- The trend is soft and the USD is likely to remain sensitive to data in the short run – Scotiabank
The trend is soft and the USD is likely to remain sensitive to data in the short run – Scotiabank
USD regains a little ground in quiet trade. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes the greenback outlook.
USD gains may extend a little from here
It’s a light week for US data (although there is plenty of Fedspeak in the next few days) and today is likely to be quiet, given the Juneteenth holiday in the US.
USD gains may extend a little from here as short-term oversold conditions work off but the trend is soft and the USD is likely to remain sensitive to data – especially negative data surprises – in the short run.
I think the greenback remains prone to weakness in the longer run as markets start to consider the top of the US rate cycle.
© 2000-2025. 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
