Losses for the Dollar seem unlikely to extend significantly – Scotiabank
USD loses ground as risk appetite rebounds. But the greenback is unlikely to fall significantly, in the view of economists at Scotiabank.
Investors are embracing risk and feeling a bit more confident
“Improving risk appetite and focus on peak Fed policy represent headwinds for the USD broadly; intraday patterns reflect this, with the USD down against all its major currency peers on the session.”
“Losses for the big Dollar seem unlikely to extend significantly until investors get a sense of the Fed policy outlook at next week’s FOMC decision, however.”