Note

THE ENVIRONMENT FOR USD REMAINS TRICKY – COMMERZBANK

· Views 65


Difficult environment for the US Dollar, in the view of economists at Commerzbank.

Quiet start to the week

“In the run-up to the US inflation data, due for publication tomorrow, trade at the start of the week was rather quiet, today too is unlikely to provide any momentum on the data front.”

“Generally speaking, the environment for USD remains tricky. The market continues to expect imminent rate cuts and the inflation data tomorrow is unlikely to change this expectation.”

“As the data side of things has little to offer today, focus is likely to be on the news flow. Tomorrow at the latest the FX market is likely to become a little livelier again.”

 

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.