- USD to soften in Q2/Q3 as Fed easing risks are renewed and the US economy slow – Scotiabank
Notícias do Mercado
19 janeiro 2024
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.
O foco de 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 disclaimerAbrir Conta Demo e Página Pessoal