Home Forex The recovery in the USD has one more thing ahead of it – Scotiabank

The recovery in the USD has one more thing ahead of it – Scotiabank

by SuperiorInvest


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The American dollar (USD) is closely mixed in quiet trade. Economists at Scotiabank analyze the outlook for the Greenback.

The dollar has the potential to recover from its decline in Q4

The dollar appears to be still consolidating after its January start.

The recovery in the USD still has a bit more to go as US short-term yields overstate March FOMC risks, but markets need a catalyst to lead to a more decisive move.

Recall that the dollar may also find support in bullish seasonal trends, while longer-term technical signals suggest that the USD could recover more from its 4Q decline.

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