SHORT-RUN RISKS SUGGEST SCOPE FOR THE USD SELL-OFF TO EXTEND – MUFG
USD has corrected weaker and could extend further over the very short-term, economists at MUFG Bank report.
Scope for Dollar strength to remerge
This USD weakness could extend further over the short-term but we remain sceptical about this being a sustained turnaround.
The move looks technical and month-end flows could be influencing price action.
Yields remain supportive for the Dollar and the ‘higher for longer”’ narrative will only be questioned once the US data turns weaker
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
Hot
No comment on record. Start new comment.