USD Index: Short-term, corrective gains will give way to more, fundamentally driven losses – Scotiabank DollarIndex Banks
The USD is trading broadly higher. However, economists at Scotiabank expect the greenback to turn back lower.“Broader USD gains may extend somewhat to correct some its steady losses over the past week but there is little getting round its loss of appeal as the“Short-term, corrective USD gains driven by risk aversion will give way to more, fundamentally driven losses.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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