USD TO TRADE WITH A SOFTER BIAS OVERALL GOING FORWARD – SCOTIABANK
USD rebounds look there for the selling now, Shaun Osborne, Chief FX Strategist at Scotiabank, reports.
USD rebounds remain possible
I expect the USD to trade with a softer bias overall going forward.
USD rebounds remain possible – especially considering year-end volatility risks – but DXY gains to 106.50 look a stretch from here. DXY gains to the mid/upper 105s may be about as much as we can expect.
See: Markets will likely again chase the weak USD story once more at the turn of the new year – Nordea
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