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)

FX & Rates

<ul><li>Risks to the USD remain firmly tilted to the downside as we head into this week’s Fed, with policymakers largely expected to keep rates on hold while preparing markets for future rate cuts.</li><li>The Fed’s current policy settings are relatively tight when compared to other major developed economy central banks, owing to an initial desire to remain neutral around last November’s US election and subsequently to concerns about trade tensions, tariffs, and their implications for inflation.</li><li>This extended period of neutrality coincided with continued easing from other major central banks. </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>

Risks to the USD remain firmly tilted to the downside as we head into this week’s Fed, with policymakers largely expected to keep rates on hold while preparing markets for future rate cuts.The Fed’s current policy settings are relatively tight when compared to other major developed economy central banks, owing to an initial desire to remain neutral around last November’s US election and subsequently to concerns about trade tensions, tariffs, and their implications for inflation.This extended period of neutrality coincided with continued easing from other major central banks. 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 - Stay Bearish USD W/ Fed Set to Narrow Policy Gaps Vs. Peers