USD TO SOFTEN IN Q2/Q3 AS FED EASING RISKS ARE RENEWED AND THE US ECONOMY SLOW – SCOTIABANK
US Dollar’s rebound develops a little more traction. However, Shaun Osborne, Chief FX Strategist at Scotiabank, expects USD to weaken from the second quarter of the year.
USD/CAD sellers can be patient for now
I still look for the USD to soften in Q2/Q3 as Fed easing risks are renewed and the US economy slows.
A broader easing in central bank policy in H2 should be supportive for risk appetite and add to USD headwinds later this year. Seasonality also turns generally USD-negative in Q2/Q3.
USD/CAD sellers can be patient for now; levels nearer 1.3500/1.3600 could be seen in the next few weeks.
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.