Fed and dollar to shift on today's data? - Scotiabank
|Analysts at Scotiabank explained that Fed expectations and the USD will shift according to the tone of the data this morning.
Key Quotes:
"...but we do not expect the USD bounce to extend significantly from here."
"We still rather think that the US economy’s reduced relative growth and yield advantages, as well as ongoing questions about how soon President Trump can advance his agenda, will curb the appeal of the USD."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.