External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Beyond the Current Account Deficit: What Drives the US Dollar?

FX & Rates

<ul><li>The DXY has spent the past four weeks pivoting around the 98 level in flat, rather directionless trade.</li><li>It’s a little early to call this a “quiet comeback”, as one Bloomberg article this week suggested, and we rather continue to think that broader risks for the USD are squarely tilted to the downside over the medium– to longer-term.</li><li>Admittedly, there are some indicators suggesting that the USD consolidation may extend.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The DXY has spent the past four weeks pivoting around the 98 level in flat, rather directionless trade.It’s a little early to call this a “quiet comeback”, as one Bloomberg article this week suggested, and we rather continue to think that broader risks for the USD are squarely tilted to the downside over the medium– to longer-term.Admittedly, there are some indicators suggesting that the USD consolidation may extend.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - DXY—Quiet Comeback of Just Resting?

Dollar Index

FX Snapshot - DXY—Quiet Comeback of Just Resting?