• DXY could recover to the 106.50 area – Scotiabank

Noticias del mercado

8 noviembre 2023

DXY could recover to the 106.50 area – Scotiabank

USD continues to consolidate/correct recent losses. Economists at Scotiabank analyze Greenback’s outlook.

Strengthening conviction in markets that US rates have peaked

The US Dollar Index (DXY) has regained the upper 105 area, reflecting some mild gains in US Treasury yields and little else.

Recall that, from a technical point of view at least, the DXY could/should recover to the 106.50 area to fill the gap left on the intraday/daily chart after last week’s slide. 

Given the strengthening conviction in markets that US rates have peaked, USD rebounds seem unlikely to get much further than that, all else equal.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: